Smith Douglas Homes (NYSE:SDHC) PT Raised to $40.00

Smith Douglas Homes (NYSE:SDHC) had its target price raised by Wells Fargo & Company from $35.00 to $40.00 in a research report report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Bank of America raised their price objective on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, September 19th. Royal Bank of Canada restated a sector perform rating and set a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Wedbush restated a neutral rating and set a $20.00 price objective on shares of Smith Douglas Homes in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $31.50.

Smith Douglas Homes Trading Down 3.3 %

Shares of NYSE:SDHC opened at $37.15 on Monday. The business’s fifty day moving average price is $35.50 and its two-hundred day moving average price is $29.86. Smith Douglas Homes has a one year low of $20.55 and a one year high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data 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 business had revenue of $220.90 million for the quarter, compared to analyst estimates of $208.02 million. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, sell-side analysts expect that Smith Douglas Homes will post 1.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Azzad Asset Management Inc. ADV acquired a new position in shares of Smith Douglas Homes during the first quarter worth about $331,000. Norden Group LLC acquired a new stake in Smith Douglas Homes in the first quarter valued at approximately $2,331,000. Caas Capital Management LP acquired a new stake in Smith Douglas Homes in the first quarter valued at approximately $1,079,000. Capstone Investment Advisors LLC acquired a new stake in Smith Douglas Homes in the first quarter valued at approximately $1,625,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Smith Douglas Homes in the first quarter valued at approximately $688,000.

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.