Insider Buying: Smith Douglas Homes (NYSE:SDHC) Insider Buys $12,340.00 in Stock

Key Points

• Insider Russell Devendorf bought 1,000 SDHC shares at $12.34 each, investing $12,340 and increasing his holdings by 0.32% to 317,461 shares. He also purchased 1,000 shares for $12,680 on August 20.
• Smith Douglas Homes recently reported quarterly EPS of $0.03, missing the $0.11 consensus estimate, although revenue of $273.03 million exceeded expectations of $258.10 million.
• SDHC traded at $12.52, below its 50-day and 200-day moving averages. Analysts’ consensus rating is “Reduce”, with a $13.90 average price target; seven analysts rate it Hold, two Sell, and one Buy.

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) insider Russell Devendorf bought 1,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average price of $12.34 per share, with a total value of $12,340.00. Following the completion of the purchase, the insider owned 317,461 shares of the company's stock, valued at $3,917,468.74. This represents a 0.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Russell Devendorf also recently made the following trade(s):

• On Thursday, August 20th, Russell Devendorf bought 1,000 shares of Smith Douglas Homes stock. The stock was bought at an average cost of $12.68 per share, with a total value of $12,680.00.

Smith Douglas Homes Price Performance

Shares of SDHC stock traded up $0.10 during trading hours on Wednesday, reaching $12.52. 48,463 shares of the company were exchanged, compared to its average volume of 95,878. Smith Douglas Homes Corp. has a fifty-two week low of $10.72 and a fifty-two week high of $23.49. The stock's fifty day moving average is $14.57 and its two-hundred day moving average is $14.12. The company has a market cap of $636.39 million, a price-to-earnings ratio of 17.39 and a beta of 0.88.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $258.10 million. On average, research analysts anticipate that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On Smith Douglas Homes

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Smith Douglas Homes by 8.8% during the 2nd quarter. Geode Capital Management LLC now owns 101,896 shares of the company's stock worth $1,980,000 after acquiring an additional 8,201 shares during the period. First Trust Advisors LP lifted its stake in shares of Smith Douglas Homes by 5.8% in the 2nd quarter. First Trust Advisors LP now owns 29,025 shares of the company's stock valued at $564,000 after purchasing an additional 1,583 shares during the period. Marshall Wace LLP bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth $644,000. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth $34,000. Finally, Wasatch Advisors LP grew its stake in shares of Smith Douglas Homes by 4.4% during the second quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company's stock worth $24,845,000 after purchasing an additional 53,358 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SDHC shares. Zacks Research upgraded Smith Douglas Homes from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. Wall Street Zen upgraded Smith Douglas Homes from a "sell" rating to a "hold" rating in a report on Saturday, June 13th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target 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.

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