Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) has been assigned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.90.
Several equities analysts have recently weighed in on SDHC shares. Wall Street Zen cut shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Zacks Research raised shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. decreased 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 research note on Monday, March 16th. Citizens Jmp started coverage on shares of Smith Douglas Homes in a research note on Tuesday, March 24th. They set a “market perform” rating for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Tuesday, April 21st.
View Our Latest Analysis on SDHC
Smith Douglas Homes Stock Up 0.5%
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $206.44 million during the quarter, compared to analysts’ expectations of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. On average, sell-side analysts anticipate that Smith Douglas Homes will post 0.47 earnings per share for the current fiscal year.
Insider Activity at Smith Douglas Homes
In related news, Director George Ervin Perdue III acquired 20,300 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $12.27 per share, with a total value of $249,081.00. Following the acquisition, the director owned 60,684 shares in the company, valued at $744,592.68. This represents a 50.27% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders purchased 24,000 shares of company stock valued at $290,367.
Institutional Investors Weigh In On Smith Douglas Homes
Large investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC boosted its holdings 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 buying an additional 91,292 shares during the last quarter. Conifer Management L.L.C. boosted its holdings in shares of Smith Douglas Homes by 68.3% in the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock valued at $24,037,000 after buying an additional 581,794 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at approximately $168,000. Tower Research Capital LLC TRC acquired a new stake in shares of Smith Douglas Homes in the 2nd quarter valued at approximately $90,000. Finally, Wasatch Advisors LP boosted its holdings in shares of Smith Douglas Homes by 4.4% in the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock valued at $24,845,000 after buying an additional 53,358 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.
Recommended Stories
- Five stocks we like better than Smith Douglas Homes
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Smith Douglas Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith Douglas Homes and related companies with MarketBeat.com's FREE daily email newsletter.
