Smith Douglas Homes (NYSE:SDHC) Receives Neutral Rating from Wedbush

Wedbush reissued their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a research report report published 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.

Several other research firms have also commented on SDHC. Wells Fargo & Company raised their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 target price on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Bank of America increased their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Smith Douglas Homes currently has an average rating of “Hold” and a consensus price target of $31.50.

Smith Douglas Homes Stock Performance

SDHC opened at $30.51 on Tuesday. Smith Douglas Homes has a 12 month low of $20.55 and a 12 month high of $39.50. The business has a 50-day moving average of $35.67 and a two-hundred day moving average of $30.99.

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. The firm had revenue of $220.90 million during the quarter, compared to the consensus estimate of $208.02 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. Smith Douglas Homes’s revenue was up 21.7% on a year-over-year basis. Research analysts predict that Smith Douglas Homes will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of large investors have recently added to or reduced their stakes in SDHC. Sei Investments Co. acquired a new stake in Smith Douglas Homes during the 1st quarter valued at approximately $1,015,000. Vanguard Group Inc. bought a new stake in shares of Smith Douglas Homes in the first quarter worth $13,451,000. Brant Point Investment Management LLC bought a new position in Smith Douglas Homes during the 1st quarter valued at $1,336,000. Long Pond Capital LP bought a new stake in shares of Smith Douglas Homes in the 1st quarter worth about $12,388,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at about $14,321,000.

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.