Smith Douglas Homes (NYSE:SDHC) Sets New 52-Week Low – Should You Sell?

Smith Douglas Homes Corp. (NYSE:SDHC)’s share price reached a new 52-week low on Friday . The company traded as low as $18.77 and last traded at $18.80, with a volume of 28233 shares trading hands. The stock had previously closed at $20.48.

Analysts Set New Price Targets

SDHC has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Finally, 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 on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $24.80.

Smith Douglas Homes Stock Down 7.5 %

The stock has a fifty day moving average price of $22.30 and a two-hundred day moving average price of $28.86. The company has a market capitalization of $971.38 million, a price-to-earnings ratio of 10.76, a PEG ratio of 6.87 and a beta of 1.44.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $287.49 million for 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%. As a group, research analysts forecast that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP increased its stake in Smith Douglas Homes by 438.9% during the fourth 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 last quarter. Beck Mack & Oliver LLC boosted its stake in shares of Smith Douglas Homes by 58.1% during the 4th quarter. Beck Mack & Oliver LLC now owns 699,430 shares of the company’s stock valued at $17,933,000 after buying an additional 256,950 shares during the last quarter. First Eagle Investment Management LLC increased its position 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 purchasing an additional 51,419 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Smith Douglas Homes by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 813,082 shares of the company’s stock valued at $20,847,000 after buying an additional 35,702 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Smith Douglas Homes by 31.9% during the 4th quarter. Renaissance Technologies LLC now owns 99,200 shares of the company’s stock valued at $2,543,000 after acquiring an additional 24,000 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.