Key Points
- Insider Russell Devendorf purchased 1,000 Smith Douglas Homes shares at $12.34 each, bringing his direct holdings to 317,461 shares. He also bought 1,000 shares at $12.68 on August 20.
- SDHC recently traded near $12.52, well below its 12-month high of $23.49. The company’s latest quarterly EPS of $0.03 missed estimates, although revenue of $273.03 million exceeded expectations.
- Analyst sentiment remains cautious, with one Buy, seven Hold, and two Sell ratings; the consensus rating is Reduce, with a $13.90 price target.
Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) insider Russell Devendorf acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $12.34 per share, with a total value of $12,340.00. Following the completion of the acquisition, the insider directly owned 317,461 shares of the company's stock, valued at $3,917,468.74. This represents a 0.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Russell Devendorf also recently made the following trade(s):
- On Thursday, August 20th, Russell Devendorf purchased 1,000 shares of Smith Douglas Homes stock. The shares were bought at an average price of $12.68 per share, with a total value of $12,680.00.
Smith Douglas Homes Stock Performance
Shares of SDHC stock opened at $12.52 on Thursday. The stock's 50 day simple moving average is $14.55 and its 200 day simple moving average is $14.09. Smith Douglas Homes Corp. has a twelve month low of $10.72 and a twelve month high of $23.49. The company has a market capitalization of $636.39 million, a price-to-earnings ratio of 17.39 and a beta of 0.88.
Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted 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 the consensus estimate of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. On average, analysts forecast that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.
Institutional Trading of Smith Douglas Homes
Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in 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 purchasing an additional 8,201 shares during the period. First Trust Advisors LP raised its stake in shares of 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 in the last quarter. Marshall Wace LLP acquired a new position in shares of Smith Douglas Homes in the 2nd quarter valued at $644,000. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes during the 2nd quarter worth about $34,000. Finally, Wasatch Advisors LP boosted its position in shares of Smith Douglas Homes by 4.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company's stock valued at $24,845,000 after acquiring an additional 53,358 shares in the last quarter.
Analyst Ratings Changes
A number of research analysts have recently commented on SDHC shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Smith Douglas Homes in a report on Friday, July 17th. Wall Street Zen upgraded shares of Smith Douglas Homes from a "sell" rating to a "hold" rating in a research note on Saturday, June 13th. Finally, Zacks Research raised shares of Smith Douglas Homes from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $13.90.
Read Our Latest Stock Analysis 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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