Wedbush reiterated their neutral rating on shares of Smith Douglas Homes (NYSE:SDHC – Free Report) 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.
Read Our Latest Analysis on Smith Douglas Homes
Smith Douglas Homes Trading Up 0.0 %
Smith Douglas Homes (NYSE:SDHC – Get Free Report) 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.
Read More
- Five stocks we like better than Smith Douglas Homes
- Transportation Stocks Investing
- Freeport-McMoRan, Copper Demand Short-Term Pain, Long-Term Gain
- What Does a Stock Split Mean?
- Time to Load Up on Home Builders?
- Investing In Automotive Stocks
- Flutter Entertainment Can Be a Blue-Chip Sports Betting Stock
Receive News & Ratings for Smith Douglas Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith Douglas Homes and related companies with MarketBeat.com's FREE daily email newsletter.