Smith Douglas Homes Corp. (NYSE:SDHC) Receives $29.70 Average Target Price from Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.50.

A number of equities research analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Bank of America increased their price objective on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Smith Douglas Homes from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 15th.

Smith Douglas Homes Price Performance

NYSE SDHC opened at $35.67 on Tuesday. Smith Douglas Homes has a one year low of $20.55 and a one year high of $39.50. The firm has a 50 day simple moving average of $33.71 and a 200-day simple moving average of $29.27.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 EPS 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 business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts expect that Smith Douglas Homes will post 1.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SYSTM Wealth Solutions LLC purchased a new position in Smith Douglas Homes during the 1st quarter worth approximately $76,000. RiverPark Advisors LLC acquired a new stake in shares of Smith Douglas Homes in the second quarter valued at approximately $120,000. Sandia Investment Management LP purchased a new position in shares of Smith Douglas Homes during the first quarter worth approximately $178,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Smith Douglas Homes in the 1st quarter valued at $331,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Smith Douglas Homes in the 1st quarter valued at $565,000.

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.