Smith Douglas Homes (NYSE:SDHC) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Smith Douglas Homes (NYSE:SDHC) from a hold rating to a strong sell rating in a report released on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on SDHC. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, October 15th. Royal Bank Of Canada dropped their target price on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Finally, Wells Fargo & Company cut their target price on Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.38.

Smith Douglas Homes Stock Down 5.3%

Shares of NYSE SDHC opened at $9.77 on Friday. Smith Douglas Homes has a 52 week low of $9.60 and a 52 week high of $23.49. The firm’s fifty day moving average is $10.40 and its 200 day moving average is $13.42. The company has a market cap of $496.61 million, a price-to-earnings ratio of 17.76 and a beta of 0.87.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.20. The company had revenue of $262.51 million during the quarter, compared to analyst estimates of $283.13 million. Smith Douglas Homes had a net margin of 0.49% and a return on equity of 0.61%. Equities research analysts anticipate that Smith Douglas Homes will post 0.20 earnings per share for the current year.

Institutional Trading of Smith Douglas Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDHC. Integrity Alliance LLC. bought a new stake in Smith Douglas Homes in the third quarter valued at $158,000. Hsbc Holdings PLC purchased a new position in Smith Douglas Homes during the 1st quarter valued at $168,000. Ruane Cunniff & Goldfarb L.P. increased its position in Smith Douglas Homes by 18.7% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after purchasing an additional 2,281 shares during the period. Dimensional Fund Advisors LP bought a new position in Smith Douglas Homes in the 1st quarter worth $324,000. Finally, Squarepoint Ops LLC raised its holdings in Smith Douglas Homes by 37.1% in the 2nd quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after purchasing an additional 8,606 shares in the last quarter.

About Smith Douglas Homes

Smith Douglas Homes, Inc is a residential homebuilder that designs, constructs and sells primarily single-family homes. The company serves a range of buyers, including first-time purchasers, move-up buyers and others seeking newly built homes in planned communities.

Its business activities include acquiring and developing residential land, planning communities, building homes and providing customers with selections of floor plans, finishes and other design options. Smith Douglas Homes generally offers homes at accessible price points across a variety of suburban and exurban settings.

Founded in 2008, the company operates in markets across the southeastern United States, including communities in Georgia, Alabama, Tennessee, North Carolina and Kentucky.