Smith Douglas Homes (NYSE:SDHC – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.
Several other equities analysts have also recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, October 15th. Wells Fargo & Company dropped 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 report on Friday, October 16th. Finally, Royal Bank Of Canada lowered their target price on shares of Smith Douglas Homes from $15.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.38.
Read Our Latest Analysis on Smith Douglas Homes
Smith Douglas Homes Trading Down 5.3%
Shares of NYSE SDHC opened at $9.77 on Friday. The company has a 50-day moving average price of $10.40 and a 200-day moving average price of $13.42. Smith Douglas Homes has a 1 year low of $9.60 and a 1 year high of $23.49.
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.20. The company had revenue of $262.51 million for the quarter, compared to the consensus estimate of $283.13 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. On average, research analysts anticipate that Smith Douglas Homes will post 0.20 EPS for the current fiscal year.
Institutional Trading of Smith Douglas Homes
A number of hedge funds and other institutional investors have recently made changes to their positions in SDHC. Hsbc Holdings PLC purchased a new position in shares of Smith Douglas Homes during the 1st quarter worth $168,000. 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 during the period. Integrity Alliance LLC. purchased a new position in shares of Smith Douglas Homes in the third quarter valued at $158,000. Dimensional Fund Advisors LP purchased a new stake in Smith Douglas Homes in the first quarter worth $324,000. Finally, Squarepoint Ops LLC boosted its position in shares of Smith Douglas Homes by 37.1% in the second quarter. Squarepoint Ops LLC now owns 31,818 shares of the company’s stock worth $494,000 after purchasing an additional 8,606 shares during the period.
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.
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