Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Rating of “Reduce” by Brokerages

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

A number of analysts have weighed in on SDHC shares. JPMorgan Chase & Co. lowered their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. Wall Street Zen cut Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company lowered their price target on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th.

Smith Douglas Homes Trading Up 3.9%

Shares of NYSE SDHC opened at $13.21 on Friday. The business has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $16.03. The firm has a market capitalization of $670.80 million, a price-to-earnings ratio of 13.91 and a beta of 1.13. Smith Douglas Homes has a one year low of $10.72 and a one year high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The firm had revenue of $206.44 million for the quarter, compared to analysts’ expectations of $200.70 million. On average, research analysts anticipate that Smith Douglas Homes will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Ervin Perdue III purchased 20,300 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the transaction, the director directly owned 60,684 shares of the company’s stock, valued at approximately $744,592.68. The trade was a 50.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 24,000 shares of company stock valued at $290,367 in the last quarter. Corporate insiders own 82.71% of the company’s stock.

Institutional Trading of Smith Douglas Homes

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Smith Douglas Homes during the second quarter worth $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes during the second quarter worth $90,000. Hsbc Holdings PLC bought a new stake in shares of Smith Douglas Homes during the first quarter worth $168,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Smith Douglas Homes during the fourth quarter worth $182,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its holdings 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 worth $185,000 after purchasing an additional 2,281 shares during the last quarter.

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.