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

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.50.

A number of equities analysts have issued reports on SDHC shares. Bank of America raised their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. 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 note on Thursday, August 15th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 target price on shares of Smith Douglas Homes in a report on Thursday, August 15th.

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC opened at $38.65 on Tuesday. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50. The company’s 50 day simple moving average is $33.21 and its 200 day simple moving average is $29.22.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $208.02 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. On average, research analysts anticipate that Smith Douglas Homes will post 1.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Norden Group LLC acquired a new stake in shares of Smith Douglas Homes during the first quarter worth $2,331,000. Sei Investments Co. bought a new stake in shares of Smith Douglas Homes in the first quarter valued at about $1,015,000. Capstone Investment Advisors LLC acquired a new position in Smith Douglas Homes during the 1st quarter worth approximately $1,625,000. Lisanti Capital Growth LLC bought a new position in shares of Smith Douglas Homes during the 1st quarter worth approximately $3,973,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Smith Douglas Homes in the first quarter valued at approximately $565,000.

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.