Smith Douglas Homes (NYSE:SDHC) Reaches New 1-Year Low – Here’s What Happened

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

Analysts Set New Price Targets

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

Smith Douglas Homes Trading Down 3.7 %

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

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $265.85 million. On average, equities analysts predict that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDHC. Quantbot Technologies LP boosted its stake in Smith Douglas Homes by 287.0% during the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after acquiring an additional 2,738 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Smith Douglas Homes during the third quarter worth about $591,000. Stifel Financial Corp grew its stake in Smith Douglas Homes by 39.0% in the third quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock worth $985,000 after purchasing an additional 7,310 shares in the last quarter. Jane Street Group LLC bought a new stake in Smith Douglas Homes in the third quarter valued at about $530,000. Finally, XTX Topco Ltd acquired a new stake in Smith Douglas Homes during the third quarter valued at approximately $246,000.

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.