Smith Douglas Homes (NYSE:SDHC) Upgraded 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 topic of several other research reports. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. BTIG Research assumed coverage on shares of Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Zacks Research cut shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company dropped their price objective 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. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Smith Douglas Homes currently has a consensus rating of “Reduce” and an average price target of $15.80.

Smith Douglas Homes Trading Up 11.0%

NYSE:SDHC opened at $12.64 on Friday. The stock has a 50-day moving average price of $17.51 and a 200 day moving average price of $18.02. The stock has a market capitalization of $650.33 million, a P/E ratio of 10.62 and a beta of 1.04. Smith Douglas Homes has a 12-month low of $11.24 and a 12-month high of $23.50.

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

Hedge Funds Weigh In On Smith Douglas Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC purchased a new position in Smith Douglas Homes in the second quarter worth about $90,000. GSA Capital Partners LLP purchased a new position in Smith Douglas Homes in the third quarter worth about $188,000. Price T Rowe Associates Inc. MD bought a new stake in Smith Douglas Homes during the fourth quarter worth approximately $182,000. Finally, AlphaQuest LLC purchased a new stake in Smith Douglas Homes during the third quarter valued at approximately $195,000.

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.