Smith Douglas Homes’ (SDHC) Neutral Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a research report released on Tuesday morning,RTT News reports. The firm currently has a $20.00 target price on the stock. Wedbush also issued estimates for Smith Douglas Homes’ Q4 2024 earnings at $0.45 EPS, 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.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company upped their price objective on Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.50.

Smith Douglas Homes Stock Down 1.7 %

Shares of SDHC opened at $30.51 on Tuesday. The firm’s fifty day moving average is $35.67 and its two-hundred day moving average is $30.99. Smith Douglas Homes has a 52-week low of $20.55 and a 52-week high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $208.02 million. Smith Douglas Homes’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, analysts forecast that Smith Douglas Homes will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. purchased a new stake in Smith Douglas Homes during the first quarter worth $1,015,000. Vanguard Group Inc. acquired a new stake in Smith Douglas Homes in the 1st quarter valued at about $13,451,000. Brant Point Investment Management LLC purchased a new position in Smith Douglas Homes during the 1st quarter valued at about $1,336,000. Long Pond Capital LP acquired a new position in Smith Douglas Homes during the first quarter worth about $12,388,000. Finally, Hood River Capital Management LLC acquired a new position in Smith Douglas Homes during the first quarter worth about $14,321,000.

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.