Wedbush Increases Earnings Estimates for Smith Douglas Homes

Smith Douglas Homes Corp. (NYSE:SDHC) – Analysts at Wedbush increased their FY2024 earnings per share estimates for shares of Smith Douglas Homes in a note issued to investors on Tuesday, November 12th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings of $1.72 per share for the year, up from their prior forecast of $1.70. Wedbush has a “Neutral” rating and a $20.00 price objective on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.71 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $1.88 EPS.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, August 14th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $208.02 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. The firm’s revenue was up 21.7% on a year-over-year basis.

A number of other research analysts have also recently commented on SDHC. Bank of America increased their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company lifted their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Smith Douglas Homes Trading Down 1.7 %

Shares of Smith Douglas Homes stock opened at $30.51 on Friday. The company has a 50 day simple moving average of $35.67 and a two-hundred day simple moving average of $30.99. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in Smith Douglas Homes by 5.5% during the 2nd quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock valued at $12,328,000 after buying an additional 27,300 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Smith Douglas Homes in the first quarter valued at about $14,321,000. Vanguard Group Inc. bought a new position in shares of Smith Douglas Homes during the first quarter valued at about $13,451,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Smith Douglas Homes by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company’s stock worth $10,526,000 after purchasing an additional 8,193 shares during the period. Finally, Long Pond Capital LP bought a new stake in shares of Smith Douglas Homes in the first quarter worth about $12,388,000.

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.