Smith Douglas Homes (NYSE:SDHC) Stock Rating Lowered by Wall Street Zen

Smith Douglas Homes (NYSE:SDHC) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

A number of other brokerages also recently issued reports on SDHC. Zacks Research downgraded shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. BTIG Research began coverage on shares of Smith Douglas Homes in a report on Monday, December 1st. They set a “neutral” rating on the stock. Wells Fargo & Company dropped their target price 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, March 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. decreased 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. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $14.80.

Smith Douglas Homes Price Performance

Shares of SDHC stock opened at $12.26 on Friday. The business’s fifty day moving average price is $16.83 and its 200 day moving average price is $17.70. The firm has a market capitalization of $631.27 million, a PE ratio of 10.30 and a beta of 1.04. Smith Douglas Homes has a 1-year low of $11.13 and a 1-year high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last released its 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). The business had revenue of $260.43 million during the quarter, compared to analyst estimates of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. Equities research analysts expect that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Insider Activity at Smith Douglas Homes

In other Smith Douglas Homes news, Director George Ervin Perdue III acquired 20,300 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $12.27 per share, with a total value of $249,081.00. Following the purchase, the director owned 60,684 shares in the company, valued at approximately $744,592.68. The trade was a 50.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 22,000 shares of company stock valued at $268,607.

Hedge Funds Weigh In On Smith Douglas Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Conifer Management L.L.C. lifted its holdings in shares of Smith Douglas Homes by 68.3% in the fourth quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after purchasing an additional 581,794 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Smith Douglas Homes by 4.4% during 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of Smith Douglas Homes by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Beck Mack & Oliver LLC raised its position in shares of Smith Douglas Homes by 0.4% during the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Smith Douglas Homes by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock worth $7,965,000 after purchasing an additional 3,884 shares during 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.