Short Interest in Smith Douglas Homes Corp. (NYSE:SDHC) Expands By 82.2%

Smith Douglas Homes Corp. (NYSE:SDHC) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 846,947 shares, an increase of 82.2% from the February 26th total of 464,824 shares. Based on an average trading volume of 211,398 shares, the short-interest ratio is presently 4.0 days. Approximately 1.6% of the company’s shares are short sold.

Smith Douglas Homes Stock Down 2.1%

NYSE:SDHC opened at $11.97 on Friday. The company has a market cap of $616.30 million, a PE ratio of 10.06 and a beta of 1.04. The business’s 50 day moving average is $16.11 and its two-hundred day moving average is $17.49. Smith Douglas Homes has a 52 week low of $11.13 and a 52 week high of $23.50.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SDHC. BTIG Research assumed coverage on Smith Douglas Homes in a report on Monday, December 1st. They issued a “neutral” rating for the company. Wells Fargo & Company decreased their target price on 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. Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Sunday, March 22nd. JPMorgan Chase & Co. dropped their target price on Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Finally, Zacks Research lowered Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Smith Douglas Homes has an average rating of “Reduce” and a consensus target price of $14.80.

Insider Buying and Selling at Smith Douglas Homes

In other Smith Douglas Homes news, Director George Ervin Perdue III bought 20,300 shares of Smith Douglas Homes stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the acquisition, the director owned 60,684 shares of the company’s stock, valued at $744,592.68. The trade was a 50.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 22,000 shares of company stock worth $268,607. Insiders own 82.71% of the company’s stock.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its position 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 worth $5,857,000 after buying an additional 91,292 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at about $188,000. AlphaQuest LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at about $195,000. Inspire Advisors LLC acquired a new stake in Smith Douglas Homes during the third quarter worth about $214,000. Finally, VARCOV Co. acquired a new stake in Smith Douglas Homes during the fourth quarter worth about $200,000.

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.