Wells Fargo & Company Cuts Smith Douglas Homes (NYSE:SDHC) Price Target to $20.00

Smith Douglas Homes (NYSE:SDHC - Get Free Report) had its target price cut by research analysts at Wells Fargo & Company from $21.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 6.03% from the stock's current price.

Separately, Bank of America downgraded shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from $33.00 to $22.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Smith Douglas Homes currently has an average rating of "Hold" and an average target price of $24.60.

Smith Douglas Homes Stock Up 5.0 %

Shares of SDHC stock traded up $0.90 on Monday, hitting $18.86. The stock had a trading volume of 54,587 shares, compared to its average volume of 108,242. Smith Douglas Homes has a one year low of $17.03 and a one year high of $39.50. The business has a 50 day moving average price of $20.49 and a 200 day moving average price of $26.87. The company has a market cap of $967.33 million, a PE ratio of 10.72, a P/E/G ratio of 6.87 and a beta of 1.31.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The company had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Equities research analysts expect that Smith Douglas Homes will post 1.73 EPS for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP lifted its position in Smith Douglas Homes by 366.3% during the 4th quarter. Two Sigma Investments LP now owns 27,550 shares of the company's stock worth $706,000 after acquiring an additional 21,642 shares during the period. Millennium Management LLC lifted its holdings in shares of Smith Douglas Homes by 50.0% during the fourth quarter. Millennium Management LLC now owns 56,459 shares of the company's stock worth $1,448,000 after purchasing an additional 18,810 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Smith Douglas Homes in the fourth quarter valued at approximately $456,000. Corton Capital Inc. increased its holdings in Smith Douglas Homes by 61.8% in the 4th quarter. Corton Capital Inc. now owns 25,229 shares of the company's stock worth $647,000 after buying an additional 9,640 shares during the period. Finally, Jane Street Group LLC raised its position in Smith Douglas Homes by 69.9% during the 4th quarter. Jane Street Group LLC now owns 23,837 shares of the company's stock worth $611,000 after buying an additional 9,805 shares during the last quarter.

About Smith Douglas Homes

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.