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 lowered by Royal Bank Of Canada from $16.00 to $15.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

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

Smith Douglas Homes Stock Performance

Shares of Smith Douglas Homes stock traded up $0.52 during midday trading on Friday, hitting $17.28. 73,439 shares of the company traded hands, compared to its average volume of 100,781. The stock has a market cap of $889.11 million, a price-to-earnings ratio of 13.82, a PEG ratio of 11.26 and a beta of 0.96. The firm’s fifty day moving average price is $17.77 and its 200-day moving average price is $18.85. Smith Douglas Homes has a 12 month low of $15.00 and a 12 month high of $37.90.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.38). Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. The company had revenue of $262.04 million during the quarter, compared to the consensus estimate of $251.41 million. Equities research analysts forecast that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in Smith Douglas Homes in the third quarter valued at approximately $188,000. Vanguard Group Inc. lifted its position in shares of Smith Douglas Homes by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after purchasing an additional 3,884 shares during the period. AlphaQuest LLC bought a new stake in shares of Smith Douglas Homes in the 3rd quarter valued at $195,000. Inspire Advisors LLC acquired a new stake in shares of Smith Douglas Homes during the third quarter worth $214,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Smith Douglas Homes during the second quarter worth $90,000.

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.