Smith Douglas Homes (NYSE:SDHC) Downgraded by Zacks Research to “Strong Sell”

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 note issued to investors on Wednesday,Zacks.com reports.

SDHC has been the subject of several other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Royal Bank Of Canada dropped their price target 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. Bank of America lowered 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. Finally, Wells Fargo & Company lowered their price objective on shares of Smith Douglas Homes from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $16.90.

Smith Douglas Homes Trading Down 0.5%

Shares of SDHC traded down $0.09 on Wednesday, reaching $17.31. 1,740 shares of the company’s stock were exchanged, compared to its average volume of 81,114. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $18.79. Smith Douglas Homes has a 12 month low of $15.00 and a 12 month high of $34.48. The stock has a market capitalization of $890.65 million, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 11.88 and a beta of 0.96.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. M&T Bank Corp boosted its position in Smith Douglas Homes by 8.4% during the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock valued at $215,000 after buying an additional 848 shares during the period. Covey Capital Advisors LLC purchased a new position in Smith Douglas Homes during the second quarter valued at $705,000. New York State Common Retirement Fund boosted its stake in Smith Douglas Homes by 1.0% during the first quarter. New York State Common Retirement Fund now owns 185,119 shares of the company’s stock worth $3,614,000 after acquiring an additional 1,744 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in shares of Smith Douglas Homes by 20.2% in the 1st quarter. Beck Mack & Oliver LLC now owns 840,975 shares of the company’s stock worth $16,416,000 after buying an additional 141,545 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Smith Douglas Homes by 11.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 486,509 shares of the company’s stock valued at $9,497,000 after acquiring an additional 50,713 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.