Smith Douglas Homes (NYSE:SDHC) Shares Up 4.3% - Still a Buy?

Shares of Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) rose 4.3% during trading on Friday . The company traded as high as $19.64 and last traded at $19.48. Approximately 44,293 shares changed hands during trading, a decline of 60% from the average daily volume of 110,733 shares. The stock had previously closed at $18.67.

Analysts Set New Price Targets

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

Smith Douglas Homes Trading Up 3.8 %

The stock's fifty day simple moving average is $21.16 and its 200 day simple moving average is $27.67. The company has a market cap of $947.18 million, a price-to-earnings ratio of 10.49, a P/E/G ratio of 6.87 and a beta of 1.31.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Smith Douglas Homes in the fourth quarter valued at approximately $27,000. XTX Topco Ltd purchased a new stake in Smith Douglas Homes in the third quarter valued at $246,000. Trexquant Investment LP acquired a new position in shares of Smith Douglas Homes in the 4th quarter valued at $218,000. Virtu Financial LLC purchased a new position in shares of Smith Douglas Homes during the 3rd quarter worth $344,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Smith Douglas Homes during the 4th quarter worth about $236,000.

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.