Wedbush Research Analysts Cut Earnings Estimates for SDHC

Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) - Wedbush dropped their FY2025 earnings per share (EPS) estimates for Smith Douglas Homes in a note issued to investors on Wednesday, March 12th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $1.58 for the year, down from their previous forecast of $1.88. The consensus estimate for Smith Douglas Homes' current full-year earnings is $1.73 per share. Wedbush also issued estimates for Smith Douglas Homes' Q3 2026 earnings at $0.45 EPS, Q4 2026 earnings at $0.58 EPS and FY2026 earnings at $1.63 EPS.

Several other analysts have also weighed in on SDHC. Bank of America lowered shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $33.00 to $22.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Finally, Wells Fargo & Company reduced their price objective on shares of 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 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.com, the stock presently has an average rating of "Hold" and a consensus target price of $24.80.

Smith Douglas Homes Stock Up 2.6 %

SDHC traded up $0.52 during midday trading on Monday, reaching $20.62. 62,422 shares of the company's stock were exchanged, compared to its average volume of 114,623. The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $29.58. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 6.87 and a beta of 1.44. Smith Douglas Homes has a one year low of $18.88 and a one year high of $39.50.

Remove Ads

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%.

Institutional Trading of Smith Douglas Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP boosted its position in Smith Douglas Homes by 438.9% during the fourth quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company's stock valued at $29,640,000 after purchasing an additional 941,511 shares during the last quarter. Beck Mack & Oliver LLC increased its holdings in Smith Douglas Homes by 58.1% during the fourth quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company's stock worth $17,933,000 after buying an additional 256,950 shares during the last quarter. First Eagle Investment Management LLC raised its position in Smith Douglas Homes by 52.8% during the fourth quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company's stock worth $3,817,000 after acquiring an additional 51,419 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company's stock valued at $20,847,000 after acquiring an additional 35,702 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Smith Douglas Homes by 31.9% in the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company's stock valued at $2,543,000 after acquiring an additional 24,000 shares during the period.

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.