Smith Douglas Homes (NYSE:SDHC) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Smith Douglas Homes (NYSE:SDHC) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. UBS Group reaffirmed a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. Royal Bank Of Canada reduced their price objective on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, November 7th. Finally, BTIG Research began coverage on shares of Smith Douglas Homes in a report on Monday, December 1st. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.60.

Smith Douglas Homes Stock Performance

Shares of Smith Douglas Homes stock opened at $16.92 on Wednesday. The firm has a fifty day moving average of $18.71 and a two-hundred day moving average of $18.56. The stock has a market capitalization of $870.74 million, a price-to-earnings ratio of 13.54 and a beta of 0.94. Smith Douglas Homes has a 52 week low of $15.00 and a 52 week high of $24.75.

Institutional Trading of Smith Douglas Homes

Large investors have recently bought and sold shares of the business. State Street Corp raised its holdings in Smith Douglas Homes by 2.7% during the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock worth $710,000 after buying an additional 1,100 shares during the period. Geode Capital Management LLC increased its position in shares of Smith Douglas Homes by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock worth $1,752,000 after acquiring an additional 1,406 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Smith Douglas Homes by 5.8% during the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after acquiring an additional 1,583 shares during the period. Raymond James Financial Inc. bought a new stake in Smith Douglas Homes in the 2nd quarter valued at $34,000. Finally, Beck Mack & Oliver LLC lifted 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 valued at $13,692,000 after acquiring an additional 3,605 shares in the last quarter.

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.