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

Wall Street Zen upgraded shares of Smith Douglas Homes (NYSE:SDHC) from a sell rating to a hold rating in a report issued on Saturday morning.

SDHC has been the topic of a number of other research reports. Citizens Jmp assumed coverage on shares of Smith Douglas Homes in a report on Tuesday, March 24th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their price target on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Zelman & Associates started coverage on shares of Smith Douglas Homes in a report on Monday, April 6th. They set a “neutral” rating and a $13.50 price target on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. 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 on the stock in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Smith Douglas Homes currently has an average rating of “Reduce” and a consensus price target of $14.58.

Smith Douglas Homes Stock Up 0.7%

Shares of NYSE SDHC opened at $12.98 on Friday. The firm’s 50-day moving average price is $13.60 and its 200-day moving average price is $16.79. The company has a market cap of $668.30 million, a PE ratio of 13.66 and a beta of 1.31. Smith Douglas Homes has a 52-week low of $11.13 and a 52-week high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $206.44 million for the quarter, compared to the consensus estimate of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. As a group, equities research analysts anticipate that Smith Douglas Homes will post 0.4 EPS for the current fiscal year.

Insider Activity

In other Smith Douglas Homes news, Director George Ervin Perdue III acquired 20,300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $12.27 per share, with a total value of $249,081.00. Following the completion of the acquisition, the director owned 60,684 shares in the company, valued at $744,592.68. This represents a 50.27% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 22,000 shares of company stock valued at $268,607 over the last quarter. Company insiders own 82.71% of the company’s stock.

Hedge Funds Weigh In On Smith Douglas Homes

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Smith Douglas Homes in the second quarter worth approximately $34,000. Tower Research Capital LLC TRC purchased a new position in shares of Smith Douglas Homes in the second quarter worth approximately $90,000. Hsbc Holdings PLC purchased a new position in Smith Douglas Homes during the first quarter valued at approximately $168,000. Price T Rowe Associates Inc. MD purchased a new position in Smith Douglas Homes during the fourth quarter valued at approximately $182,000. Finally, GSA Capital Partners LLP purchased a new position in Smith Douglas Homes during the third quarter valued at approximately $188,000.

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.