Key Points
- Insider buying: Smith Douglas Homes insider Russell Devendorf bought 2,000 shares at $10.88 each, spending $21,760 and lifting his ownership to 315,461 shares.
- Stock and earnings snapshot: SDHC shares were up 0.4% to $11.68, near their 52-week low of $10.72, while the company recently beat quarterly EPS and revenue estimates.
- Wall Street sentiment remains cautious: Analysts currently have an average rating of “Reduce” with a consensus price target of $13.90, and several firms have recently cut targets or maintained neutral/hold views.
Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) insider Russell Devendorf acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $10.88 per share, with a total value of $21,760.00. Following the completion of the transaction, the insider owned 315,461 shares in the company, valued at $3,432,215.68. The trade was a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Russell Devendorf also recently made the following trade(s):
- On Friday, March 13th, Russell Devendorf acquired 1,000 shares of Smith Douglas Homes stock. The shares were acquired at an average price of $11.56 per share, with a total value of $11,560.00.
Smith Douglas Homes Stock Up 0.4%
Shares of SDHC stock opened at $11.68 on Friday. Smith Douglas Homes Corp. has a twelve month low of $10.72 and a twelve month high of $23.50. The company has a market cap of $593.11 million, a P/E ratio of 12.29 and a beta of 1.31. The business has a fifty day simple moving average of $12.98 and a 200 day simple moving average of $16.36.
Smith Douglas Homes (NYSE:SDHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. As a group, equities research analysts anticipate that Smith Douglas Homes Corp. will post 0.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Smith Douglas Homes
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Smith Douglas Homes by 2.7% in the fourth quarter. State Street Corp now owns 42,312 shares of the company's stock valued at $710,000 after buying an additional 1,100 shares during the period. Geode Capital Management LLC increased its stake in shares of Smith Douglas Homes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 104,422 shares of the company's stock valued at $1,752,000 after buying an additional 1,406 shares during the period. First Trust Advisors LP increased its stake in shares of Smith Douglas Homes by 5.8% in the second 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. Raymond James Financial Inc. acquired a new stake in shares of Smith Douglas Homes in the second quarter valued at about $34,000. Finally, Ruane Cunniff & Goldfarb L.P. increased its stake in shares of 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.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on SDHC. Zacks Research upgraded Smith Douglas Homes from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Wells Fargo & Company reduced their price target on Smith Douglas Homes from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday, March 12th. Citizens Jmp began coverage on Smith Douglas Homes in a report on Tuesday, March 24th. They set a "market perform" rating on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $19.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $13.90.
View Our Latest Report on SDHC
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
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