Research Analysts Offer Predictions for SDHC Q4 Earnings

Smith Douglas Homes Corp. (NYSE:SDHC) – Equities researchers at Wedbush lowered their Q4 2024 earnings per share estimates for Smith Douglas Homes in a research report issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.52. Wedbush has a “Neutral” rating and a $20.00 price objective on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.66 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

Several other research analysts have also issued reports on SDHC. Royal Bank of Canada reiterated 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 lifted their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Bank of America upped their price objective on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.50.

Smith Douglas Homes Price Performance

SDHC stock opened at $30.51 on Thursday. The company’s 50-day moving average is $35.67 and its 200-day moving average is $30.99. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last issued its 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 for the quarter, compared to the consensus estimate of $208.02 million. Smith Douglas Homes’s revenue was up 21.7% compared to the same quarter last year.

Hedge Funds Weigh In On Smith Douglas Homes

Several large investors have recently bought and sold shares of SDHC. Sei Investments Co. purchased a new position in shares of Smith Douglas Homes in the 1st quarter worth approximately $1,015,000. Teachers Retirement System of The State of Kentucky bought a new stake in Smith Douglas Homes during the first quarter worth $565,000. Federated Hermes Inc. lifted its holdings in Smith Douglas Homes by 5.5% during the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock worth $12,328,000 after acquiring an additional 27,300 shares during the period. Vanguard Group Inc. purchased a new position in Smith Douglas Homes in the first quarter worth $13,451,000. Finally, Renaissance Technologies LLC grew its stake in Smith Douglas Homes by 260.2% in the 2nd quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock valued at $783,000 after purchasing an additional 24,200 shares during the period.

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.