Smith Douglas Homes' (SDHC) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Smith Douglas Homes' stock maintains a "Sell (D+)" rating as reaffirmed by Weiss Ratings, amidst a general consensus rating of "Reduce" from analysts.
• Bank of America has raised the target price from $16.00 to $17.00, while Wall Street Zen downgraded the stock from "Hold" to "Sell".
• The company reported a loss of ($0.13) earnings per share for the last quarter, missing analysts' consensus estimate by ($0.38).

Smith Douglas Homes (NYSE:SDHC - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently weighed in on SDHC. Bank of America boosted their target price on shares of Smith Douglas Homes from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Thursday, September 18th. Wall Street Zen downgraded shares of Smith Douglas Homes from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $17.90.

Smith Douglas Homes Stock Down 2.0%

Smith Douglas Homes stock opened at $16.42 on Wednesday. The company's 50-day moving average price is $18.97 and its 200-day moving average price is $19.17. Smith Douglas Homes has a twelve month low of $16.25 and a twelve month high of $39.46. The company has a market cap of $844.81 million, a PE ratio of 10.33, a price-to-earnings-growth ratio of 11.00 and a beta of 0.96.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.38). Smith Douglas Homes had a return on equity of 1.74% and a net margin of 1.43%.The business had revenue of $223.92 million during the quarter, compared to the consensus estimate of $216.01 million. As a group, sell-side analysts expect that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Smith Douglas Homes

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in Smith Douglas Homes in the 2nd quarter valued at about $90,000. Wasatch Advisors LP boosted its position in Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company's stock valued at $24,845,000 after buying an additional 53,358 shares during the period. Raymond James Financial Inc. purchased a new stake in Smith Douglas Homes in the 2nd quarter valued at about $34,000. Marshall Wace LLP purchased a new stake in Smith Douglas Homes in the 2nd quarter valued at about $644,000. Finally, First Trust Advisors LP boosted its position in Smith Douglas Homes by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company's stock valued at $564,000 after buying an additional 1,583 shares during the period.

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.

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