Zacks Research Upgrades Smith Douglas Homes (NYSE:SDHC) to “Hold”

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

SDHC has been the subject of several other reports. Bank of America decreased their target price on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating for the company in a research note on Friday, October 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $17.50.

Smith Douglas Homes Trading Down 1.0%

Shares of SDHC stock opened at $16.02 on Tuesday. The company has a market capitalization of $824.23 million, a PE ratio of 10.08, a price-to-earnings-growth ratio of 10.63 and a beta of 0.96. The firm has a fifty day simple moving average of $18.60 and a 200-day simple moving average of $19.02. Smith Douglas Homes has a twelve month low of $15.00 and a twelve month high of $37.90.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.38). The firm had revenue of $223.92 million during the quarter, compared to analysts’ expectations of $216.01 million. Smith Douglas Homes had a net margin of 1.43% and a return on equity of 1.74%. Equities research analysts predict that Smith Douglas Homes will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth about $90,000. Wasatch Advisors LP lifted its position in shares of Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after buying an additional 53,358 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth about $34,000. Marshall Wace LLP bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth about $644,000. Finally, First Trust Advisors LP lifted its position in shares of Smith Douglas Homes by 5.8% in the 2nd 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 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.