Smith Douglas Homes (NYSE:SDHC) Hits New 12-Month Low - Time to Sell?

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.77 and last traded at $18.80, with a volume of 28233 shares changing hands. The stock had previously closed at $20.48.

Analyst Ratings Changes

A number of research firms have weighed in on SDHC. JPMorgan Chase & Co. reduced their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $24.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Bank of America downgraded Smith Douglas Homes from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $33.00 to $22.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $24.80.

Smith Douglas Homes Price Performance

The company's 50-day moving average price is $22.30 and its two-hundred day moving average price is $28.82. The company has a market capitalization of $989.28 million, a price-to-earnings ratio of 10.96, a PEG ratio of 6.87 and a beta of 1.44.

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

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Smith Douglas Homes by 1,551.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company's stock valued at $806,000 after buying an additional 20,051 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Smith Douglas Homes during the third quarter valued at approximately $591,000. Jane Street Group LLC acquired a new position in shares of Smith Douglas Homes during the third quarter worth approximately $530,000. Wasatch Advisors LP bought a new position in shares of Smith Douglas Homes in the 3rd quarter worth $8,104,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes in the 4th quarter valued at $27,000.

Smith Douglas Homes Company Profile

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.