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

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

SDHC has been the subject of several other research reports. Wells Fargo & Company lowered their target price on shares of Smith Douglas Homes from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada reduced their price target on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.38.

Smith Douglas Homes Trading Up 0.7%

Smith Douglas Homes stock opened at $9.88 on Friday. The firm has a market capitalization of $502.20 million, a P/E ratio of 29.39 and a beta of 0.87. The business has a 50-day moving average of $10.35 and a 200-day moving average of $13.36. Smith Douglas Homes has a 1 year low of $9.60 and a 1 year high of $23.49.

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

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds have recently modified their holdings of the business. Integrity Alliance LLC. bought a new stake in Smith Douglas Homes during the 3rd quarter worth approximately $158,000. Squarepoint Ops LLC raised its holdings in Smith Douglas Homes by 37.1% during the 2nd quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after buying an additional 8,606 shares during the period. Conifer Management L.L.C. acquired a new stake in Smith Douglas Homes during the 2nd quarter worth approximately $22,274,259. Ruane Cunniff & Goldfarb L.P. lifted its stake in Smith Douglas Homes by 18.7% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after buying an additional 2,281 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Smith Douglas Homes in the first quarter valued at approximately $324,000.

Smith Douglas Homes Company Profile

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.