Smith Douglas Homes (NYSE:SDHC) Trading Up 3.2% – Should You Buy?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price shot up 3.2% during trading on Thursday . The stock traded as high as $20.78 and last traded at $20.75. 14,184 shares were traded during mid-day trading, a decline of 88% from the average session volume of 114,493 shares. The stock had previously closed at $20.10.

Analyst Ratings Changes

Several equities analysts recently weighed in on SDHC shares. JPMorgan Chase & Co. cut 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 research note on Friday, December 13th. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and cut their target price for the company from $33.00 to $22.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Hold” and a consensus target price of $24.80.

Smith Douglas Homes Price Performance

The stock’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $29.58. The firm has a market cap of $1.06 billion, a PE ratio of 11.73, a PEG ratio of 6.87 and a beta of 1.44.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The firm had revenue of $287.49 million during the quarter, compared to analyst estimates of $265.85 million. Analysts expect that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc acquired a new stake in shares of Smith Douglas Homes during the 3rd quarter worth about $204,000. Victory Capital Management Inc. purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter worth $349,000. Daiwa Securities Group Inc. boosted its position in shares of Smith Douglas Homes by 31.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 29,487 shares of the company’s stock worth $1,114,000 after acquiring an additional 7,015 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after purchasing an additional 2,738 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Smith Douglas Homes during the 3rd quarter worth $591,000.

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.