Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Rating of “Hold” by Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.10.

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

Smith Douglas Homes Stock Down 2.8 %

Shares of SDHC opened at $20.89 on Thursday. Smith Douglas Homes has a 12-month low of $20.89 and a 12-month high of $32.82. The business’s 50-day simple moving average is $26.12.

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

Hedge Funds Weigh In On Smith Douglas Homes

A number of hedge funds have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV bought a new stake in shares of Smith Douglas Homes during the first quarter valued at approximately $331,000. Hood River Capital Management LLC acquired a new stake in Smith Douglas Homes in the 1st quarter valued at approximately $14,321,000. Long Pond Capital LP bought a new stake in Smith Douglas Homes during the 1st quarter valued at $12,388,000. Brant Point Investment Management LLC acquired a new position in Smith Douglas Homes during the 1st quarter worth $1,336,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Smith Douglas Homes in the first quarter worth $688,000.

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.