Smith Douglas Homes (NYSE:SDHC) Shares Gap Up – Should You Buy?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $19.67, but opened at $20.29. Smith Douglas Homes shares last traded at $20.11, with a volume of 20,809 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SDHC. JPMorgan Chase & Co. lowered their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Wells Fargo & Company lowered their target price on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $33.00 to $22.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.80.

Smith Douglas Homes Trading Up 1.0 %

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 6.87 and a beta of 1.44. The stock’s 50 day moving average is $22.85 and its two-hundred day moving average is $29.64.

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

Institutional Trading of Smith Douglas Homes

A number of large investors have recently bought and sold shares of SDHC. Wasatch Advisors LP lifted its stake in shares of Smith Douglas Homes by 438.9% in the 4th quarter. Wasatch Advisors LP now owns 1,156,019 shares of the company’s stock worth $29,640,000 after acquiring an additional 941,511 shares during the period. Beck Mack & Oliver LLC lifted its stake in shares of Smith Douglas Homes by 58.1% in the 4th quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company’s stock worth $17,933,000 after acquiring an additional 256,950 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Smith Douglas Homes by 52.8% in the 4th quarter. First Eagle Investment Management LLC now owns 148,882 shares of the company’s stock worth $3,817,000 after acquiring an additional 51,419 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Smith Douglas Homes by 4.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock worth $20,847,000 after acquiring an additional 35,702 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Smith Douglas Homes by 31.9% in the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock worth $2,543,000 after acquiring an additional 24,000 shares during the period.

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.