I downgrade Smith Douglas Homes Corp. to a hold rating due to worsening macroeconomic conditions and deteriorating fundamentals. Despite strong 4Q24 home closings, rising mortgage rates and land costs ...

For the third quarter, Devendorf provided guidance: "We expect to close between 725 and 775 homes with an average sales price between $330,000 and $335,000. Gross margin is projected to be in the ...

Greg Bennett, CEO, highlighted that Smith Douglas Homes "hosted another quarter of strong profitability to start the year, generating pre-tax income of $19.6 million or net earnings of $0.30 per share ...