Smith Douglas Homes (NYSE:SDHC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Smith Douglas Homes (NYSE:SDHC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

SDHC has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Zelman & Associates began coverage on shares of Smith Douglas Homes in a research report on Monday, April 6th. They set a “neutral” rating and a $13.50 target price on the stock. Wells Fargo & Company reduced their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Zacks Research cut shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Citizens Jmp began coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $14.58.

Smith Douglas Homes Stock Down 3.4%

Shares of SDHC stock opened at $12.56 on Friday. The stock has a market cap of $637.80 million, a price-to-earnings ratio of 13.22 and a beta of 1.31. Smith Douglas Homes has a fifty-two week low of $11.13 and a fifty-two week high of $23.50. The firm’s 50 day moving average price is $13.48 and its two-hundred day moving average price is $16.73.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $206.44 million for the quarter, compared to analysts’ expectations of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. On average, equities analysts forecast that Smith Douglas Homes will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Smith Douglas Homes news, Director George Ervin Perdue III bought 20,300 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the purchase, the director directly owned 60,684 shares in the company, valued at approximately $744,592.68. This trade represents a 50.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 22,000 shares of company stock worth $268,607 in the last three months.

Hedge Funds Weigh In On Smith Douglas Homes

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Smith Douglas Homes during the second quarter valued at $34,000. Tower Research Capital LLC TRC acquired a new position in shares of Smith Douglas Homes during the second quarter valued at $90,000. Hsbc Holdings PLC acquired a new position in shares of Smith Douglas Homes during the first quarter valued at $168,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Smith Douglas Homes during the fourth quarter valued at $182,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Smith Douglas Homes during the third quarter valued at $188,000.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.