Smith Douglas Homes (NYSE:SDHC) Sees Unusually-High Trading Volume

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) saw unusually-strong trading volume on Monday . Approximately 572,433 shares were traded during trading, an increase of 279% from the previous session’s volume of 150,945 shares.The stock last traded at $28.99 and had previously closed at $30.85.

Wall Street Analyst Weigh In

Separately, Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective (down from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Hold” and a consensus price target of $27.10.

Smith Douglas Homes Stock Performance

The business has a fifty day moving average of $25.57 and a 200 day moving average of $27.32.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $189.21 million during the quarter, compared to analysts’ expectations of $187.43 million. On average, research analysts expect that Smith Douglas Homes Corp. will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV bought a new stake in shares of Smith Douglas Homes during the 1st quarter valued at $331,000. Norden Group LLC bought a new position in shares of Smith Douglas Homes in the first quarter worth about $2,331,000. Seven Grand Managers LLC purchased a new stake in shares of Smith Douglas Homes during the 1st quarter worth approximately $1,485,000. SYSTM Wealth Solutions LLC bought a new stake in shares of Smith Douglas Homes in the 1st quarter worth about $76,000. Finally, Peregrine Capital Management LLC bought a new position in shares of Smith Douglas Homes in the 1st quarter valued at about $867,000.

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.