RBC Capital analyst Mike Dahl keeps a Sector Perform rating and $26 price target for Smith Douglas Homes after its Q4 results. The company’s earnings growth and return on tangible equity trajectory support the stock’s premium multiple, and the firm sees a healthy long-term runway, though the early miss on the FY24 outlook reinforces its wait-and-see approach on execution against strong growth targets, the analyst tells investors in a research note.
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- Smith Douglas Homes reports FY23 home closings up 4.4% from FY22 at 2,297
- Smith Douglas Homes reports FY23 net income $123.2M, down 12.3% from FY22
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- Smith Douglas Homes initiated with a Neutral at Wedbush
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