Smith Douglas Homes Corp. (NYSE:SDHC) Director Purchases $110,940.00 in Stock

Smith Douglas Homes Corp. (NYSE:SDHC) Director Jeffrey T. Jackson bought 6,000 shares of the stock in a transaction on Friday, May 16th. The shares were bought at an average price of $18.49 per share, for a total transaction of $110,940.00. Following the purchase, the director now directly owns 25,682 shares in the company, valued at approximately $474,860.18. This trade represents a 30.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Smith Douglas Homes Stock Performance

NYSE SDHC opened at $16.64 on Thursday. The business’s fifty day moving average is $19.22 and its 200 day moving average is $24.24. Smith Douglas Homes Corp. has a fifty-two week low of $16.31 and a fifty-two week high of $39.50. The company has a market capitalization of $855.59 million, a PE ratio of 9.62, a price-to-earnings-growth ratio of 6.87 and a beta of 1.28.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. On average, sell-side analysts forecast that Smith Douglas Homes Corp. will post 1.73 EPS for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new stake in shares of Smith Douglas Homes during the 4th quarter valued at $27,000. M&T Bank Corp boosted its holdings in Smith Douglas Homes by 8.4% in the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company’s stock worth $215,000 after buying an additional 848 shares during the period. Trexquant Investment LP purchased a new stake in Smith Douglas Homes in the 4th quarter worth $218,000. Yorktown Management & Research Co Inc purchased a new stake in Smith Douglas Homes in the 4th quarter worth $236,000. Finally, PDT Partners LLC raised its holdings in Smith Douglas Homes by 10.7% during the first quarter. PDT Partners LLC now owns 13,988 shares of the company’s stock valued at $273,000 after acquiring an additional 1,349 shares during the period.

Analyst Upgrades and Downgrades

SDHC has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Smith Douglas Homes from $24.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $18.00 target price on shares of Smith Douglas Homes in a research report on Wednesday, May 14th. Wells Fargo & Company lowered their price target on Smith Douglas Homes from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Bank of America cut Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. Finally, Royal Bank of Canada reduced their price target on shares of Smith Douglas Homes from $21.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.90.

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.