Zacks Research Upgrades Smith Douglas Homes (NYSE:SDHC) to "Hold"

Key Points

• Zacks Research upgraded Smith Douglas Homes (NYSE:SDHC) from a "strong sell" to a "hold" rating in a recent report, amid mixed analyst sentiments regarding the stock.
• Smith Douglas Homes recently reported a quarterly earnings miss, with an EPS of $(0.13) against estimates of $0.25 and a revenue of $223.92 million exceeding expectations.
• The stock has seen a consensus rating of "Reduce" from analysts, with five holding and two selling ratings, and a target price adjusted to $17.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Smith Douglas Homes in a research note on Wednesday, October 8th. Bank of America lowered their price objective 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, Wall Street Zen cut shares of Smith Douglas Homes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $17.50.

Smith Douglas Homes Price Performance

NYSE:SDHC opened at $16.02 on Tuesday. Smith Douglas Homes has a 1-year low of $15.00 and a 1-year high of $37.90. The firm has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $19.02. The firm has a market cap of $824.23 million, a PE ratio of 10.08, a P/E/G ratio of 10.63 and a beta of 0.96.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its quarterly 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). The company had revenue of $223.92 million for the quarter, compared to analysts' expectations of $216.01 million. Smith Douglas Homes had a return on equity of 1.74% and a net margin of 1.43%. 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 made changes to their positions in SDHC. Raymond James Financial Inc. acquired a new stake in shares of Smith Douglas Homes in the second quarter worth $34,000. Tower Research Capital LLC TRC acquired a new stake in shares of Smith Douglas Homes in the second quarter worth $90,000. M&T Bank Corp increased its position in shares of Smith Douglas Homes by 8.4% in the first quarter. M&T Bank Corp now owns 11,001 shares of the company's stock worth $215,000 after acquiring an additional 848 shares in the last quarter. PDT Partners LLC increased its position in shares of Smith Douglas Homes by 10.7% in the first quarter. PDT Partners LLC now owns 13,988 shares of the company's stock worth $273,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Smith Douglas Homes by 80.2% in the first quarter. Victory Capital Management Inc. now owns 14,395 shares of the company's stock worth $281,000 after acquiring an additional 6,406 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.