Key Points
- Insider Russell Devendorf bought 1,000 shares of Smith Douglas Homes at an average price of $12.68, increasing his direct ownership to 316,461 shares valued at approximately $4.01 million.
- Smith Douglas Homes reported quarterly EPS of $0.03, missing the $0.11 consensus estimate, although revenue of $273.03 million exceeded expectations.
- Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce” and an average price target of $13.90, with one Buy, seven Hold, and two Sell ratings.
Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) insider Russell Devendorf bought 1,000 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $12.68 per share, for a total transaction of $12,680.00. Following the completion of the transaction, the insider directly owned 316,461 shares of the company's stock, valued at $4,012,725.48. This trade represents a 0.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Smith Douglas Homes Price Performance
SDHC opened at $12.45 on Tuesday. The stock has a market cap of $632.81 million, a P/E ratio of 17.29 and a beta of 0.88. The stock's 50 day simple moving average is $14.59 and its 200 day simple moving average is $14.17. Smith Douglas Homes Corp. has a 1-year low of $10.72 and a 1-year high of $23.49.
Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. Research analysts expect that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.
Analysts Set New Price Targets
SDHC has been the subject of a number of research analyst reports. Zacks Research upgraded Smith Douglas Homes from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Smith Douglas Homes from a "sell" rating to a "hold" rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $13.90.
Read Our Latest Research Report on Smith Douglas Homes
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Smith Douglas Homes by 8.8% in the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company's stock worth $1,980,000 after acquiring an additional 8,201 shares during the last quarter. First Trust Advisors LP increased its position in Smith Douglas Homes by 5.8% during the second quarter. First Trust Advisors LP now owns 29,025 shares of the company's stock worth $564,000 after purchasing an additional 1,583 shares during the last quarter. Marshall Wace LLP acquired a new position in Smith Douglas Homes during the second quarter worth approximately $644,000. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes during the second quarter worth approximately $34,000. Finally, Wasatch Advisors LP raised its stake in Smith Douglas Homes by 4.4% during the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company's stock worth $24,845,000 after purchasing an additional 53,358 shares during the period.
Smith Douglas Homes Company Profile
(
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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