Smith Douglas Homes (NYSE:SDHC) Trading 4.3% Higher – What’s Next?

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SDHC. Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $33.00 to $22.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on shares of 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 cut 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 research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.80.

Smith Douglas Homes Trading Up 5.2 %

The firm has a market capitalization of $1.01 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 6.87 and a beta of 1.31. The business’s 50 day simple moving average is $21.76 and its two-hundred day simple moving average is $28.27.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $287.49 million during 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%. Analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors have recently modified their holdings of SDHC. JPMorgan Chase & Co. boosted its holdings in shares of Smith Douglas Homes by 1,551.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company’s stock valued at $806,000 after acquiring an additional 20,051 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Smith Douglas Homes during the third quarter valued at approximately $591,000. Jane Street Group LLC purchased a new stake in Smith Douglas Homes in the third quarter worth approximately $530,000. Arcadia Investment Management Corp MI bought a new stake in Smith Douglas Homes in the 4th quarter worth approximately $27,000. Finally, Artisan Partners Limited Partnership raised its stake in Smith Douglas Homes by 4.6% during the 4th quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock valued at $20,847,000 after buying an additional 35,702 shares during the last quarter.

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.