Smith Douglas Homes (NYSE:SDHC) Insider Acquires $12,680.00 in Stock

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $12.68 per share, with a total value of $12,680.00. Following the acquisition, the insider directly owned 316,461 shares in the company, valued at approximately $4,012,725.48. The trade was a 0.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Russell Devendorf also recently made the following trade(s):

• On Tuesday, August 25th, Russell Devendorf acquired 1,000 shares of Smith Douglas Homes stock. The shares were purchased at an average price of $12.34 per share, with a total value of $12,340.00.

Smith Douglas Homes Trading Up 0.8%

Shares of SDHC stock opened at $12.52 on Thursday. Smith Douglas Homes Corp. has a 12-month low of $10.72 and a 12-month high of $23.49. The stock’s 50-day moving average price is $14.55 and its 200-day moving average price is $14.09. The stock 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) last posted its earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $273.03 million during the quarter, compared to analysts’ expectations of $258.10 million. Smith Douglas Homes had a negative return on equity of 0.19% and a net margin of 0.64%. As a group, research analysts predict that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, 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. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Reduce” and an average price target of $13.90.

Institutional Investors Weigh In On Smith Douglas Homes

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Smith Douglas Homes during the 2nd quarter valued at about $34,000. Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes in the second quarter worth about $90,000. Hsbc Holdings PLC purchased a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $168,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Smith Douglas Homes during the fourth quarter valued at approximately $182,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in shares of Smith Douglas Homes by 18.7% during 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 last quarter.

Smith Douglas Homes Company Profile

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.