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

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

Several other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Bank of America cut their price target on shares of Smith Douglas Homes from $17.00 to $15.00 and set an “underperform” rating on the stock in a report on Friday, October 10th. Royal Bank Of Canada lowered their target price on shares of Smith Douglas Homes from $16.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company cut their price objective on Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $16.90.

Smith Douglas Homes Price Performance

Shares of Smith Douglas Homes stock traded down $0.09 during trading on Wednesday, reaching $17.31. 1,740 shares of the stock traded hands, compared to its average volume of 81,114. The company has a market capitalization of $890.65 million, a price-to-earnings ratio of 13.81, a P/E/G ratio of 11.88 and a beta of 0.96. Smith Douglas Homes has a 52-week low of $15.00 and a 52-week high of $34.48. The business has a fifty day simple moving average of $17.65 and a two-hundred day simple moving average of $18.79.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.38). The business had revenue of $262.04 million for the quarter, compared to analysts’ expectations of $251.41 million. Smith Douglas Homes had a net margin of 1.13% and a return on equity of 0.12%. On average, research analysts predict that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Smith Douglas Homes in the second quarter valued at $34,000. Tower Research Capital LLC TRC acquired a new position in Smith Douglas Homes during the second quarter worth approximately $90,000. GSA Capital Partners LLP purchased a new position in Smith Douglas Homes during the third quarter worth approximately $188,000. AlphaQuest LLC purchased a new position in Smith Douglas Homes during the third quarter worth approximately $195,000. Finally, Inspire Advisors LLC acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $214,000.

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.