Smith Douglas Homes (NYSE:SDHC) Earns “Neutral” Rating from Wedbush

Wedbush reiterated their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC) in a research note released on Tuesday,RTT News reports. They currently have a $20.00 price target on the stock. Wedbush also issued estimates for Smith Douglas Homes’ Q4 2024 earnings at $0.45 EPS, FY2024 earnings at $1.72 EPS, Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $1.88 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 analysts have also recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Bank of America boosted their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company raised their price objective on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Smith Douglas Homes Trading Up 0.0 %

Smith Douglas Homes stock opened at $30.52 on Tuesday. The stock has a fifty day moving average price of $35.52 and a 200 day moving average price of $31.00. 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, topping the consensus estimate of $0.37 by $0.03. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The business had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $208.02 million. Smith Douglas Homes’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts anticipate that Smith Douglas Homes will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. purchased a new stake in shares of Smith Douglas Homes during the 1st quarter valued at about $1,015,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Smith Douglas Homes during the first quarter valued at approximately $565,000. Federated Hermes Inc. lifted its position in shares of Smith Douglas Homes by 5.5% during the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock worth $12,328,000 after purchasing an additional 27,300 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Smith Douglas Homes in the first quarter valued at $13,451,000. Finally, Renaissance Technologies LLC grew its holdings in Smith Douglas Homes by 260.2% during the 2nd quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock valued at $783,000 after purchasing an additional 24,200 shares in the last quarter.

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.