Key Points
- Director George Ervin Perdue III purchased 20,300 shares at an average price of $12.27 for a total of $249,081, boosting his stake to 60,684 shares—a 50.27% increase in ownership.
- Smith Douglas Homes reported a quarterly EPS of -$0.08 versus a $0.12 estimate (a miss) while revenue of $260.4M topped estimates, and the company showed a thin net margin (1.10%) and negative ROE (-1.03%).
- Analysts are mixed but cautious: the consensus rating is "Reduce" with a $14.80 target, and several firms (including JPMorgan and Wells Fargo) have trimmed price targets as the stock trades near $13.00.
Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) insider Russell Devendorf bought 1,000 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $11.56 per share, for a total transaction of $11,560.00. Following the completion of the purchase, the insider directly owned 286,928 shares in the company, valued at approximately $3,316,887.68. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Smith Douglas Homes Stock Performance
Shares of NYSE:SDHC opened at $13.02 on Wednesday. The company has a market capitalization of $669.88 million, a P/E ratio of 10.94 and a beta of 1.04. The company's 50-day moving average is $17.33 and its 200 day moving average is $17.90. Smith Douglas Homes Corp. has a fifty-two week low of $11.24 and a fifty-two week high of $23.50.
Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The company had revenue of $260.43 million during the quarter, compared to the consensus estimate 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 Corp. will post 1.73 earnings per share for the current year.
Wall Street Analyst Weigh In
SDHC has been the subject of several research reports. Zacks Research lowered Smith Douglas Homes from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 18th. Wall Street Zen raised Smith Douglas Homes from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company cut their price target on Smith Douglas Homes from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, March 12th. UBS Group reissued a "positive" rating on shares of Smith Douglas Homes in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. lowered their price objective on Smith Douglas Homes from $19.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday. One investment 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 data from MarketBeat.com, Smith Douglas Homes currently has a consensus rating of "Reduce" and a consensus target price of $14.80.
View Our Latest Stock Report on SDHC
Hedge Funds Weigh In On Smith Douglas Homes
A number of large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Smith Douglas Homes in the second quarter valued at $34,000. Tower Research Capital LLC TRC purchased a new stake in Smith Douglas Homes during the 2nd quarter worth about $90,000. GSA Capital Partners LLP purchased a new stake in Smith Douglas Homes during the 3rd quarter worth about $188,000. Price T Rowe Associates Inc. MD bought a new position in Smith Douglas Homes in the 4th quarter worth about $182,000. Finally, AlphaQuest LLC purchased a new position in Smith Douglas Homes during the 3rd quarter valued at about $195,000.
About Smith Douglas Homes
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
