Smith Douglas Homes (NYSE:SDHC) Stock Rating Upgraded by Wall Street Zen

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

A number of other research analysts also recently weighed in on SDHC. Bank of America decreased their price objective on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a research report on Friday, October 10th. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $17.50.

Smith Douglas Homes Stock Performance

Shares of Smith Douglas Homes stock opened at $17.51 on Friday. The firm has a 50-day simple moving average of $18.02 and a two-hundred day simple moving average of $18.88. The company has a market cap of $900.74 million, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 11.63 and a beta of 0.96. Smith Douglas Homes has a fifty-two week low of $15.00 and a fifty-two week high of $37.90.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.38). The firm had revenue of $223.92 million during the quarter, compared to analyst estimates of $216.01 million. Smith Douglas Homes had a return on equity of 1.74% and a net margin of 1.43%. Equities research analysts forecast that Smith Douglas Homes will post 1.73 EPS for the current year.

Institutional Trading of Smith Douglas Homes

A number of hedge funds have recently bought and sold shares of the business. M&T Bank Corp raised its holdings in Smith Douglas Homes by 8.4% in the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock valued at $215,000 after acquiring an additional 848 shares during the last quarter. PDT Partners LLC raised its holdings in Smith Douglas Homes by 10.7% in the 1st quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock valued at $273,000 after acquiring an additional 1,349 shares during the last quarter. First Trust Advisors LP raised its holdings 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 valued at $564,000 after acquiring an additional 1,583 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes in the 2nd quarter valued at about $34,000. Finally, New York State Common Retirement Fund raised its holdings in Smith Douglas Homes by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock valued at $3,614,000 after acquiring an additional 1,744 shares during the last quarter.

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.