Insider Buying: Smith Douglas Homes (NYSE:SDHC) Insider Buys 1,000 Shares of Stock

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $12.34 per share, with a total value of $12,340.00. Following the completion of the transaction, the insider directly owned 317,461 shares in the company, valued at approximately $3,917,468.74. This trade represents a 0.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 stock was bought at an average cost of $12.68 per share, with a total value of $12,680.00.

Smith Douglas Homes Trading Up 0.8%

Shares of NYSE:SDHC traded up $0.10 during mid-day trading on Wednesday, reaching $12.52. The stock had a trading volume of 48,463 shares, compared to its average volume of 95,878. The firm has a market cap of $636.39 million, a PE ratio of 17.39 and a beta of 0.88. The firm has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $14.12. Smith Douglas Homes Corp. has a twelve month low of $10.72 and a twelve month high of $23.49.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 0.64% and a negative return on equity of 0.19%. On average, equities analysts anticipate that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Smith Douglas Homes currently has a consensus rating of “Reduce” and an average target price of $13.90.

Institutional Trading of Smith Douglas Homes

A number of large investors have recently bought and sold shares of SDHC. Raymond James Financial Inc. bought a new position in Smith Douglas Homes in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes during the second quarter worth $90,000. Hsbc Holdings PLC acquired a new stake in shares of Smith Douglas Homes during the first quarter worth $168,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Smith Douglas Homes during the fourth quarter worth $182,000. Finally, Ruane Cunniff & Goldfarb L.P. lifted its position in Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after acquiring an additional 2,281 shares in the last quarter.

About Smith Douglas Homes

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.