Smith Douglas Homes (NYSE:SDHC) Reaches New 52-Week Low – Here’s What Happened

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low during trading on Friday . The stock traded as low as $18.77 and last traded at $18.80, with a volume of 28233 shares changing hands. The stock had previously closed at $20.48.

Analyst Upgrades and Downgrades

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

Smith Douglas Homes Price Performance

The business has a 50 day simple moving average of $22.43 and a 200 day simple moving average of $29.00. The company has a market capitalization of $971.38 million, a price-to-earnings ratio of 10.76, a PEG ratio of 6.87 and a beta of 1.44.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The firm had revenue of $287.49 million for the quarter, compared to analyst estimates of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. On average, equities research analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI purchased a new position in Smith Douglas Homes in the 4th quarter valued at approximately $27,000. Quantbot Technologies LP raised its stake in shares of Smith Douglas Homes by 287.0% in the third 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 in the last quarter. Trexquant Investment LP purchased a new position in Smith Douglas Homes in the fourth quarter valued at $218,000. Yorktown Management & Research Co Inc acquired a new position in Smith Douglas Homes during the 4th quarter worth $236,000. Finally, XTX Topco Ltd purchased a new stake in Smith Douglas Homes during the 3rd quarter worth about $246,000.

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.