Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been assigned a consensus recommendation of “Reduce” from the ten analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.90.

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citizens Jmp assumed coverage on shares of Smith Douglas Homes in a research note on Tuesday, March 24th. They set a “market perform” rating for the company. Zacks Research lowered shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Finally, Wells Fargo & Company reduced their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th.

Insider Activity

In other news, Director George Ervin Perdue III bought 20,300 shares of Smith Douglas Homes stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the purchase, the director directly owned 60,684 shares in the company, valued at $744,592.68. The trade was a 50.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 22,000 shares of company stock valued at $268,607. Corporate insiders own 82.71% of the company’s stock.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Smith Douglas Homes in the 2nd quarter worth $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes in the 2nd quarter worth $90,000. Hsbc Holdings PLC bought a new stake in shares of Smith Douglas Homes in the 1st quarter worth $168,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Smith Douglas Homes in the 4th quarter worth $182,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Smith Douglas Homes in the 3rd quarter worth $188,000.

Smith Douglas Homes Trading Down 3.7%

Shares of SDHC stock opened at $11.18 on Monday. The firm has a market capitalization of $567.72 million, a PE ratio of 11.77 and a beta of 1.31. The firm has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $16.58. Smith Douglas Homes has a 12 month low of $11.00 and a 12 month high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $206.44 million during the quarter, compared to analyst estimates of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. On average, equities analysts predict that Smith Douglas Homes will post 0.35 earnings per share for the current fiscal year.

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.