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

Smith Douglas Homes (NYSE:SDHC) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

SDHC has been the topic of several other reports. Citizens Jmp started coverage on Smith Douglas Homes in a research note on Tuesday, March 24th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Zelman & Associates began coverage on Smith Douglas Homes in a research note on Monday, April 6th. They issued a “neutral” rating and a $13.50 price target on the stock. Wells Fargo & Company dropped their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Finally, Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.90.

Smith Douglas Homes Stock Down 0.4%

Shares of SDHC stock opened at $13.67 on Friday. The stock has a market cap of $694.16 million, a price-to-earnings ratio of 14.39 and a beta of 1.13. The business’s fifty day moving average is $13.10 and its 200 day moving average is $15.90. Smith Douglas Homes has a twelve month low of $10.72 and a twelve month high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $206.44 million for the quarter, compared to analysts’ expectations of $200.70 million. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%. Equities research analysts expect that Smith Douglas Homes will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several hedge funds have recently added to or reduced their stakes in SDHC. Raymond James Financial Inc. bought a new stake in Smith Douglas Homes in the second quarter worth $34,000. Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes in the second quarter worth $90,000. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes in the first quarter worth $168,000. Price T Rowe Associates Inc. MD bought a new stake in Smith Douglas Homes in the fourth quarter worth $182,000. Finally, Ruane Cunniff & Goldfarb L.P. boosted its holdings in Smith Douglas Homes by 18.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after acquiring an additional 2,281 shares in 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. was founded in 2008 and is headquartered in Woodstock, Georgia.