Smith Douglas Homes (NYSE:SDHC) Price Target Lowered to $15.00 at Royal Bank Of Canada

Smith Douglas Homes (NYSE:SDHC) had its target price decreased by equities research analysts at Royal Bank Of Canada from $16.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 13.19% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Bank of America dropped their target price on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a research report on Friday, October 10th. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus price target of $16.90.

Smith Douglas Homes Stock Up 3.1%

Shares of NYSE:SDHC traded up $0.52 during trading on Friday, reaching $17.28. The stock had a trading volume of 73,439 shares, compared to its average volume of 81,118. The stock has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $18.86. The firm has a market capitalization of $889.06 million, a price-to-earnings ratio of 13.82, a P/E/G ratio of 11.76 and a beta of 0.96. Smith Douglas Homes has a 52 week low of $15.00 and a 52 week high of $37.90.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). The firm had revenue of $262.04 million for the quarter, compared to analyst estimates of $251.41 million. Smith Douglas Homes had a return on equity of 0.12% and a net margin of 1.13%. On average, analysts forecast that Smith Douglas Homes 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 the stock. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes during the second quarter worth $34,000. Tower Research Capital LLC TRC acquired a new stake in shares of Smith Douglas Homes during the 2nd quarter worth about $90,000. GSA Capital Partners LLP acquired a new stake in shares of Smith Douglas Homes during the 3rd quarter worth about $188,000. AlphaQuest LLC bought a new position in Smith Douglas Homes during the 3rd quarter valued at about $195,000. Finally, Inspire Advisors LLC acquired a new position in Smith Douglas Homes in the third quarter valued at about $214,000.

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.