Smith Douglas Homes Corp. (NYSE:SDHC) Receives $27.10 Consensus PT from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has been given a consensus rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $27.10.

SDHC has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, March 21st. Wells Fargo & Company boosted their price target on shares of Smith Douglas Homes from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $20.00 price target (down previously from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th.

Smith Douglas Homes Stock Down 1.3 %

Shares of SDHC stock opened at $21.12 on Thursday. The company has a 50 day simple moving average of $25.91. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $32.82.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $189.21 million during the quarter, compared to analyst estimates of $187.43 million. As a group, research analysts predict that Smith Douglas Homes will post 1.69 EPS for the current year.

Institutional Trading of Smith Douglas Homes

Several institutional investors have recently modified their holdings of the stock. Norden Group LLC acquired a new position in shares of Smith Douglas Homes during the 1st quarter worth $2,331,000. Capstone Investment Advisors LLC acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $1,625,000. Azzad Asset Management Inc. ADV acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $331,000. Hood River Capital Management LLC acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $14,321,000. Finally, Long Pond Capital LP acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $12,388,000.

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.