Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Recommendation of “Reduce” by Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.80.

A number of research firms have issued reports on SDHC. JPMorgan Chase & Co. decreased their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Wells Fargo & Company lowered their price objective on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. BTIG Research initiated coverage on shares of Smith Douglas Homes in a report on Monday, December 1st. They set a “neutral” rating for the company. Finally, Zacks Research cut Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th.

Insider Activity at Smith Douglas Homes

In other news, Director George Ervin Perdue III purchased 20,300 shares of Smith Douglas Homes stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the acquisition, the director owned 60,684 shares in the company, valued at approximately $744,592.68. This trade represents a 50.27% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 22,000 shares of company stock worth $268,607 over the last quarter. Company insiders own 82.71% of the company’s stock.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors have recently added to or reduced their stakes in SDHC. First Eagle Investment Management LLC lifted its holdings in shares of Smith Douglas Homes by 38.0% during the third quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock worth $5,857,000 after purchasing an additional 91,292 shares during the period. GSA Capital Partners LLP bought a new position in Smith Douglas Homes during the 3rd quarter worth $188,000. AlphaQuest LLC acquired a new position in Smith Douglas Homes during the 3rd quarter worth about $195,000. Inspire Advisors LLC bought a new stake in shares of Smith Douglas Homes in the 3rd quarter valued at about $214,000. Finally, VARCOV Co. acquired a new stake in shares of Smith Douglas Homes in the fourth quarter valued at about $200,000.

Smith Douglas Homes Price Performance

Shares of SDHC opened at $11.29 on Friday. The firm has a 50 day simple moving average of $16.97 and a two-hundred day simple moving average of $17.76. Smith Douglas Homes has a one year low of $11.13 and a one year high of $23.50. The company has a market cap of $580.87 million, a P/E ratio of 9.49 and a beta of 1.04.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. The business had revenue of $260.43 million during the quarter, compared to the consensus estimate of $251.09 million. On average, analysts expect that Smith Douglas Homes will post 1.73 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.