Smith Douglas Homes (NYSE:SDHC) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Smith Douglas Homes (NYSE:SDHC) from a hold rating to a sell rating in a research report report published on Sunday morning.

SDHC has been the subject of several other research reports. UBS Group restated a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. Zacks Research downgraded Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. decreased their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. Finally, BTIG Research assumed coverage on Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Smith Douglas Homes has an average rating of “Reduce” and an average target price of $14.80.

Smith Douglas Homes Stock Performance

Shares of NYSE:SDHC opened at $11.29 on Friday. The company has a market capitalization of $580.92 million, a P/E ratio of 9.49 and a beta of 1.04. The company’s 50-day moving average is $16.97 and its 200 day moving average is $17.75. Smith Douglas Homes has a fifty-two week low of $11.13 and a fifty-two week high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Wednesday, March 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $260.43 million for the quarter, compared to analysts’ expectations of $251.09 million. Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%. As a group, research analysts predict that Smith Douglas Homes will post 1.73 earnings per share for the current year.

Insider Transactions at Smith Douglas Homes

In related news, Director George Ervin Perdue III bought 20,300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the transaction, the director directly owned 60,684 shares in the company, valued at approximately $744,592.68. The trade was a 50.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 22,000 shares of company stock worth $268,607. Insiders own 82.71% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Conifer Management L.L.C. grew its holdings in Smith Douglas Homes by 68.3% during the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after buying an additional 581,794 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Smith Douglas Homes by 38.0% during the third quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock valued at $5,857,000 after acquiring an additional 91,292 shares in the last quarter. Wasatch Advisors LP increased its holdings in Smith Douglas Homes by 6.2% during the 4th quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock worth $20,960,000 after acquiring an additional 72,525 shares during the period. Marshall Wace LLP bought a new stake in Smith Douglas Homes during the 2nd quarter worth approximately $644,000. Finally, Wellington Management Group LLP lifted its stake in Smith Douglas Homes by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in 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. was founded in 2008 and is headquartered in Woodstock, Georgia.