Smith Douglas Homes (NYSE:SDHC) Upgraded at Zacks Research

Zacks Research upgraded shares of Smith Douglas Homes (NYSE:SDHC) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. BTIG Research started coverage on shares of Smith Douglas Homes in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $17.00 price objective on shares of Smith Douglas Homes in a research note on Friday, November 21st. Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Wells Fargo & Company dropped their target price on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price target on Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $16.60.

Smith Douglas Homes Stock Down 1.2%

Shares of SDHC opened at $20.44 on Tuesday. Smith Douglas Homes has a fifty-two week low of $15.00 and a fifty-two week high of $25.46. The company’s fifty day moving average is $19.16 and its two-hundred day moving average is $18.86. The firm has a market cap of $1.05 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 17.09 and a beta of 0.95.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.38). The firm had revenue of $262.04 million for the quarter, compared to analysts’ expectations of $251.41 million. Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. As a group, equities research analysts anticipate that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Several large investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its position in Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after purchasing an additional 53,358 shares during the last quarter. Vanguard Group Inc. lifted its position in Smith Douglas Homes by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after purchasing an additional 3,884 shares during the period. First Eagle Investment Management LLC boosted its stake in Smith Douglas Homes by 38.0% in the third quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock valued at $5,857,000 after acquiring an additional 91,292 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Smith Douglas Homes by 8.8% during the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock worth $1,980,000 after buying an additional 8,201 shares during the last quarter. Finally, Covey Capital Advisors LLC bought a new position in Smith Douglas Homes during the second quarter worth about $705,000.

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.