Smith Douglas Homes (NYSE:SDHC) Coverage Initiated at Citizens Jmp

Investment analysts at Citizens Jmp assumed coverage on shares of Smith Douglas Homes (NYSE:SDHC) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set a “market perform” rating on the stock.

A number of other analysts have also issued reports on the stock. Wall Street Zen lowered shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Sunday. JPMorgan Chase & Co. lowered their price target on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Thursday, January 22nd. BTIG Research began coverage on shares of Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of “Reduce” and an average target price of $14.80.

Smith Douglas Homes Stock Performance

SDHC stock opened at $12.36 on Tuesday. The firm has a market cap of $636.38 million, a P/E ratio of 10.39 and a beta of 1.04. Smith Douglas Homes has a 1 year low of $11.13 and a 1 year high of $23.50. The stock has a 50-day simple moving average of $16.49 and a 200-day simple moving average of $17.61.

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

Insider Activity at Smith Douglas Homes

In related news, Director George Ervin Perdue III purchased 20,300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $12.27 per share, with a total value of $249,081.00. Following the completion of the transaction, the director owned 60,684 shares of the company’s stock, valued at $744,592.68. This represents a 50.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 22,000 shares of company stock worth $268,607. Corporate insiders own 82.71% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SDHC. First Eagle Investment Management LLC raised its stake in shares of Smith Douglas Homes by 38.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock valued at $5,857,000 after purchasing an additional 91,292 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Smith Douglas Homes by 26.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 33,251 shares of the company’s stock worth $587,000 after purchasing an additional 7,025 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Smith Douglas Homes in the third quarter worth about $188,000. AlphaQuest LLC acquired a new position in Smith Douglas Homes in the third quarter worth about $195,000. Finally, Inspire Advisors LLC bought a new stake in Smith Douglas Homes in the third quarter valued at about $214,000.

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.