Smith Douglas Homes Corp. (NYSE:SDHC) Receives $27.10 Average Target Price from Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.10.

Separately, Wedbush restated a “neutral” rating and issued a $20.00 price objective (down previously from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th.

Smith Douglas Homes Stock Performance

NYSE:SDHC opened at $30.85 on Monday. Smith Douglas Homes has a 52 week low of $20.55 and a 52 week high of $34.20. The stock’s fifty day moving average is $25.57 and its two-hundred day moving average is $27.28.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $189.21 million for the quarter, compared to analysts’ expectations of $187.43 million. Equities research analysts predict that Smith Douglas Homes will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of large investors have recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in shares of Smith Douglas Homes during the second quarter worth $120,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Smith Douglas Homes during the 1st quarter worth about $565,000. Rokos Capital Management LLP acquired a new position in shares of Smith Douglas Homes during the 1st quarter worth about $1,786,000. Zimmer Partners LP purchased a new position in shares of Smith Douglas Homes in the 1st quarter valued at about $9,652,000. Finally, Sandia Investment Management LP acquired a new stake in shares of Smith Douglas Homes during the 1st quarter worth about $178,000.

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.