Smith Douglas Homes (NYSE:SDHC) Hits New 52-Week Low – Should You Sell?

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low on Thursday . The company traded as low as $18.18 and last traded at $18.18, with a volume of 29752 shares. The stock had previously closed at $19.45.

Wall Street Analyst Weigh In

SDHC has been the subject of several recent analyst reports. Bank of America downgraded shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. Wells Fargo & Company reduced their price target on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.80.

Smith Douglas Homes Stock Performance

The stock has a market cap of $960.67 million, a PE ratio of 10.64, a P/E/G ratio of 6.87 and a beta of 1.44. The firm’s 50-day moving average is $21.97 and its 200 day moving average is $28.52.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The business had revenue of $287.49 million during the quarter, compared to analysts’ expectations of $265.85 million. On average, sell-side 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

Hedge funds have recently modified their holdings of the stock. Two Sigma Investments LP raised its holdings in Smith Douglas Homes by 366.3% during the fourth quarter. Two Sigma Investments LP now owns 27,550 shares of the company’s stock worth $706,000 after purchasing an additional 21,642 shares in the last quarter. Millennium Management LLC raised its stake in shares of Smith Douglas Homes by 50.0% during the 4th quarter. Millennium Management LLC now owns 56,459 shares of the company’s stock worth $1,448,000 after buying an additional 18,810 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Smith Douglas Homes in the 4th quarter worth about $456,000. Corton Capital Inc. increased its holdings in Smith Douglas Homes by 61.8% during the 4th quarter. Corton Capital Inc. now owns 25,229 shares of the company’s stock valued at $647,000 after acquiring an additional 9,640 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Smith Douglas Homes by 69.9% during the fourth quarter. Jane Street Group LLC now owns 23,837 shares of the company’s stock worth $611,000 after acquiring an additional 9,805 shares during the last quarter.

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.