Smith Douglas Homes (NYSE:SDHC – Free Report) had its price target increased by Bank of America from $36.00 to $40.00 in a research report report published on Thursday, Benzinga reports. Bank of America currently has a neutral rating on the stock.
SDHC has been the topic of a number of other research reports. Royal Bank of Canada restated a sector perform rating and issued a $26.00 target price on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Wedbush restated a neutral rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company lifted their target price on shares of Smith Douglas Homes from $25.00 to $35.00 and gave the company an equal weight rating in a report on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $30.50.
View Our Latest Report on Smith Douglas Homes
Smith Douglas Homes Price Performance
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analyst estimates of $208.02 million. The company’s revenue was up 21.7% on a year-over-year basis. As a group, equities analysts predict that Smith Douglas Homes will post 1.66 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Smith Douglas Homes
A number of hedge funds have recently modified their holdings of SDHC. Norden Group LLC acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $2,331,000. Sei Investments Co. purchased a new position in Smith Douglas Homes during the first quarter worth approximately $1,015,000. Capstone Investment Advisors LLC acquired a new position in Smith Douglas Homes during the first quarter worth $1,625,000. Lisanti Capital Growth LLC purchased a new stake in Smith Douglas Homes in the 1st quarter valued at $3,973,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Smith Douglas Homes in the 1st quarter worth $565,000.
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.
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