Smith Douglas Homes (NYSE:SDHC) Insider Russell Devendorf Purchases 1,000 Shares

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf purchased 1,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $12.68 per share, for a total transaction of $12,680.00. Following the acquisition, the insider owned 316,461 shares of the company’s stock, valued at approximately $4,012,725.48. The trade was a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Smith Douglas Homes Stock Up 0.3%

SDHC opened at $12.45 on Tuesday. The business has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.17. The company has a market cap of $632.81 million, a PE ratio of 17.29 and a beta of 0.88. Smith Douglas Homes Corp. has a 52 week low of $10.72 and a 52 week high of $23.49.

Smith Douglas Homes (NYSE:SDHC) last announced its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. The company had revenue of $273.03 million during the quarter, compared to analysts’ expectations of $258.10 million. As a group, sell-side analysts expect that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.

Institutional Trading of Smith Douglas Homes

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Smith Douglas Homes during the second quarter worth $34,000. Tower Research Capital LLC TRC acquired a new stake in Smith Douglas Homes in the second quarter valued at $90,000. Price T Rowe Associates Inc. MD acquired a new stake in Smith Douglas Homes in the fourth quarter valued at $182,000. VARCOV Co. purchased a new stake in shares of Smith Douglas Homes during the 4th quarter worth $200,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Smith Douglas Homes during the 1st quarter worth $168,000.

Wall Street Analysts Forecast Growth

SDHC has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Wall Street Zen raised shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $13.90.

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.