Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.00 and last traded at $11.19, with a volume of 9471 shares trading hands. The stock had previously closed at $11.61.
Analyst Ratings Changes
SDHC has been the subject of several analyst reports. JPMorgan Chase & Co. cut 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 report on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. Citizens Jmp initiated coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating for the company. Wells Fargo & Company cut their price target on shares of 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. Finally, Zacks Research lowered shares of 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 assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $13.90.
Read Our Latest Stock Report on SDHC
Smith Douglas Homes Stock Down 3.7%
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $206.44 million during the quarter, compared to analyst estimates 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, equities research analysts forecast that Smith Douglas Homes Corp. will post 0.35 EPS for the current year.
Insider Buying and Selling at Smith Douglas Homes
In other news, Director George Ervin Perdue III bought 20,300 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the acquisition, the director owned 60,684 shares in the company, valued at approximately $744,592.68. This trade represents a 50.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 22,000 shares of company stock worth $268,607 in the last ninety days. Corporate insiders own 82.71% of the company’s stock.
Institutional Trading of Smith Douglas Homes
A number of institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC raised its stake in Smith Douglas Homes by 38.0% in the third 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 in the last quarter. Tower Research Capital LLC TRC bought a new position in Smith Douglas Homes in the second quarter worth about $90,000. Raymond James Financial Inc. bought a new position in Smith Douglas Homes in the second quarter worth about $34,000. Dimensional Fund Advisors LP bought a new position in Smith Douglas Homes in the first quarter worth about $324,000. Finally, Hsbc Holdings PLC bought a new position in Smith Douglas Homes in the first quarter worth about $168,000.
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.
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