Smith Douglas Homes (NYSE:SDHC) Stock Rating Lowered by Zacks Research

Smith Douglas Homes (NYSE:SDHC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. BTIG Research began coverage on Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Smith Douglas Homes in a research report on Friday, November 21st. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a research report on Monday, December 1st. Wall Street Zen cut shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $16.60.

Smith Douglas Homes Stock Up 0.5%

NYSE SDHC traded up $0.08 on Wednesday, reaching $17.14. The stock had a trading volume of 8,368 shares, compared to its average volume of 60,575. The stock has a fifty day moving average price of $18.81 and a two-hundred day moving average price of $18.58. Smith Douglas Homes has a 12-month low of $15.00 and a 12-month high of $24.75. The firm has a market capitalization of $881.85 million, a price-to-earnings ratio of 13.71 and a beta of 0.94.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock valued at $710,000 after buying an additional 1,100 shares during the period. Geode Capital Management LLC boosted its position in Smith Douglas Homes by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock valued at $1,752,000 after purchasing an additional 1,406 shares during the period. First Trust Advisors LP increased its position in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock worth $564,000 after buying an additional 1,583 shares during the period. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes during the second quarter worth about $34,000. Finally, Beck Mack & Oliver LLC increased its holdings in shares of Smith Douglas Homes by 0.4% in the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after acquiring an additional 3,605 shares during the period.

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.