Smith Douglas Homes (NYSE:SDHC) Raised to “Hold” at Wall Street Zen

Smith Douglas Homes (NYSE:SDHC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

SDHC has been the subject of several other research reports. Citizens Jmp started coverage on shares of Smith Douglas Homes in a report on Tuesday, March 24th. They set a “market perform” rating for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Zacks Research downgraded shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Zelman & Associates started coverage on shares of Smith Douglas Homes in a report on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target for the company. Finally, Wells Fargo & Company lowered their price target on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.58.

Smith Douglas Homes Stock Down 0.2%

SDHC opened at $12.98 on Friday. The firm has a 50-day simple moving average of $13.60 and a two-hundred day simple moving average of $16.79. Smith Douglas Homes has a 52 week low of $11.13 and a 52 week high of $23.50. The company has a market capitalization of $659.12 million, a PE ratio of 13.66 and a beta of 1.31.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. The business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. As a group, sell-side analysts expect that Smith Douglas Homes will post 0.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director George Ervin Perdue III acquired 20,300 shares of Smith Douglas Homes stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $12.27 per share, with a total value of $249,081.00. Following the transaction, the director directly owned 60,684 shares of the company’s stock, valued at $744,592.68. This trade represents a 50.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have bought 22,000 shares of company stock valued at $268,607.

Institutional Trading of Smith Douglas Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock worth $710,000 after purchasing an additional 1,100 shares during the period. Geode Capital Management LLC raised its position in Smith Douglas Homes by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,406 shares during the period. First Trust Advisors LP raised its position in Smith Douglas Homes by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after purchasing an additional 1,583 shares during the period. Raymond James Financial Inc. purchased a new stake in Smith Douglas Homes in the 2nd quarter worth about $34,000. Finally, Beck Mack & Oliver LLC raised its position in Smith Douglas Homes by 0.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares during the period.

About Smith Douglas Homes

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.