Smith Douglas Homes (NYSE:SDHC) Given New $20.00 Price Target at Wells Fargo & Company

Smith Douglas Homes (NYSE:SDHC) had its price objective cut by Wells Fargo & Company from $21.00 to $20.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Bank of America downgraded Smith Douglas Homes from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.60.

Smith Douglas Homes Price Performance

SDHC stock opened at $18.40 on Monday. Smith Douglas Homes has a one year low of $17.03 and a one year high of $39.50. The stock has a market cap of $943.59 million, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 6.87 and a beta of 1.31. The company has a fifty day moving average price of $20.88 and a two-hundred day moving average price of $27.26.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, hitting 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 business had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Research analysts anticipate that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Institutional Trading of Smith Douglas Homes

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Smith Douglas Homes by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 90,038 shares of the company’s stock worth $2,310,000 after purchasing an additional 457 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Smith Douglas Homes during the fourth quarter worth approximately $27,000. XTX Topco Ltd acquired a new stake in Smith Douglas Homes during the third quarter worth approximately $246,000. Stifel Financial Corp increased its stake in Smith Douglas Homes by 39.0% during the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock worth $985,000 after acquiring an additional 7,310 shares during the period. Finally, Trexquant Investment LP acquired a new position in Smith Douglas Homes in the 4th quarter valued at $218,000.

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.