Smith Douglas Homes (NYSE:SDHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Smith Douglas Homes (NYSE:SDHC) from a sell rating to a hold rating in a report issued on Saturday morning.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company cut their price target on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group reaffirmed a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $17.00 target price on shares of Smith Douglas Homes in a report on Friday, November 21st. BTIG Research began coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Zacks Research lowered shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $14.80.

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC opened at $13.31 on Friday. Smith Douglas Homes has a 52-week low of $11.24 and a 52-week high of $23.50. The firm has a market capitalization of $684.85 million, a price-to-earnings ratio of 11.18 and a beta of 1.04. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $17.95.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. The firm had revenue of $260.43 million for the quarter, compared to the consensus estimate of $251.09 million. Analysts forecast that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC acquired a new position in shares of Smith Douglas Homes during the second quarter worth $90,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Smith Douglas Homes during the fourth quarter worth $182,000. GSA Capital Partners LLP purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at $188,000. Finally, AlphaQuest LLC purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at $195,000.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.