Smith Douglas Homes Corp. (NYSE:SDHC) Director George Ervin Perdue III Acquires 10,000 Shares

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) Director George Ervin Perdue III purchased 10,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average price of $19.09 per share, with a total value of $190,900.00. Following the acquisition, the director now directly owns 24,345 shares in the company, valued at $464,746.05. This represents a 69.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

George Ervin Perdue III also recently made the following trade(s):

• On Wednesday, June 4th, George Ervin Perdue III purchased 2,412 shares of Smith Douglas Homes stock. The shares were acquired at an average cost of $18.83 per share, with a total value of $45,417.96.
• On Monday, June 2nd, George Ervin Perdue III purchased 6,840 shares of Smith Douglas Homes stock. The stock was bought at an average price of $18.34 per share, for a total transaction of $125,445.60.

Smith Douglas Homes Price Performance

SDHC traded down $0.37 during trading on Friday, hitting $19.50. The company's stock had a trading volume of 38,051 shares, compared to its average volume of 100,753. The firm's 50 day moving average price is $18.88 and its 200-day moving average price is $22.94. The stock has a market cap of $1.00 billion, a PE ratio of 11.27, a PEG ratio of 6.87 and a beta of 1.05. Smith Douglas Homes Corp. has a twelve month low of $16.28 and a twelve month high of $39.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.46 EPS for the quarter, hitting analysts' consensus estimates of $0.46. The business had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. Equities analysts anticipate that Smith Douglas Homes Corp. will post 1.73 earnings per share for the current year.

Smith Douglas Homes announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 28th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Smith Douglas Homes

A number of institutional investors have recently added to or reduced their stakes in SDHC. Arcadia Investment Management Corp MI purchased a new position in Smith Douglas Homes in the 4th quarter valued at about $27,000. M&T Bank Corp raised its stake in shares of Smith Douglas Homes by 8.4% in the 1st quarter. M&T Bank Corp now owns 11,001 shares of the company's stock valued at $215,000 after purchasing an additional 848 shares in the last quarter. Trexquant Investment LP acquired a new stake in Smith Douglas Homes during the fourth quarter worth about $218,000. Yorktown Management & Research Co Inc acquired a new stake in Smith Douglas Homes during the fourth quarter worth about $236,000. Finally, PDT Partners LLC raised its stake in Smith Douglas Homes by 10.7% during the first quarter. PDT Partners LLC now owns 13,988 shares of the company's stock worth $273,000 after acquiring an additional 1,349 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Smith Douglas Homes from $24.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, May 21st. Royal Bank of Canada set a $16.00 target price on Smith Douglas Homes and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Wedbush reiterated a "neutral" rating and set a $18.00 target price on shares of Smith Douglas Homes in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company cut their target price on Smith Douglas Homes from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Smith Douglas Homes has a consensus rating of "Hold" and a consensus target price of $18.90.

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.