Wedbush Expects Increased Earnings for Smith Douglas Homes

Smith Douglas Homes Corp. (NYSE:SDHC) – Investment analysts at Wedbush boosted their FY2024 earnings estimates for Smith Douglas Homes in a report issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now expects that the company will post earnings of $1.72 per share for the year, up from their previous forecast of $1.70. Wedbush currently has a “Neutral” rating and a $20.00 price target on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.71 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $1.88 EPS.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $208.02 million. Smith Douglas Homes’s quarterly revenue was up 21.7% on a year-over-year basis.

SDHC has been the subject of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, August 15th. Wells Fargo & Company boosted their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Bank of America raised their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.50.

Smith Douglas Homes Price Performance

SDHC stock opened at $30.52 on Friday. The stock has a 50-day moving average price of $35.52 and a 200-day moving average price of $31.00. Smith Douglas Homes has a 1-year low of $20.55 and a 1-year high of $39.50.

Institutional Trading of Smith Douglas Homes

Several institutional investors and hedge funds have recently modified their holdings of SDHC. Federated Hermes Inc. grew its stake in Smith Douglas Homes by 5.5% in the 2nd quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock worth $12,328,000 after buying an additional 27,300 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Smith Douglas Homes during the 1st quarter worth $14,321,000. Vanguard Group Inc. purchased a new position in Smith Douglas Homes in the first quarter worth $13,451,000. Massachusetts Financial Services Co. MA increased its stake in Smith Douglas Homes by 1.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company’s stock valued at $10,526,000 after acquiring an additional 8,193 shares during the last quarter. Finally, Long Pond Capital LP purchased a new stake in Smith Douglas Homes during the first quarter valued at about $12,388,000.

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.