Smith Douglas Homes (NYSE:SDHC) Upgraded by Wall Street Zen to “Hold” Rating

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

SDHC has been the topic of several other reports. UBS Group reiterated a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective on shares of Smith Douglas Homes in a research report on Friday, November 21st. Wells Fargo & Company dropped their price objective 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. BTIG Research initiated coverage on Smith Douglas Homes in a report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Zacks Research cut Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus price target of $15.80.

Smith Douglas Homes Stock Up 11.0%

SDHC stock opened at $12.64 on Friday. Smith Douglas Homes has a twelve month low of $11.24 and a twelve month high of $23.50. The company has a market cap of $650.33 million, a P/E ratio of 10.62 and a beta of 1.04. The business has a fifty day moving average of $17.51 and a 200-day moving average of $18.01.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.20). The business had revenue of $260.43 million during the quarter, compared to analyst estimates of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.05%. As a group, equities research analysts anticipate that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors have recently made changes to their positions in SDHC. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes in the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes in the second quarter valued at about $90,000. GSA Capital Partners LLP acquired a new position in shares of Smith Douglas Homes in the third quarter valued at about $188,000. Price T Rowe Associates Inc. MD bought a new position in Smith Douglas Homes during the fourth quarter worth about $182,000. Finally, AlphaQuest LLC bought a new position in Smith Douglas Homes during the third quarter worth about $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.