Smith Douglas Homes Corp. (NYSE:SDHC) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts are cautious on SDHC: Smith Douglas Homes has a consensus rating of "Reduce" from 11 analysts, with three sells, seven holds, and one buy. The average 12-month price target is about $14.58.
• Recent earnings beat expectations: The company reported $0.06 EPS versus the $0.05 estimate and revenue of $206.44 million, also above forecasts. Analysts expect full-year EPS of 0.4.
• Insiders bought shares while the stock remains weak: A director purchased 20,300 shares in March, lifting insider buying over the last 90 days to 22,000 shares. The stock was trading around $12.98, well below its 52-week high of $23.50.

Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) has received an average rating of "Reduce" from the eleven analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.5833.

Several research analysts recently weighed in on the company. Zelman & Associates assumed coverage on Smith Douglas Homes in a research report on Monday, April 6th. They issued a "neutral" rating and a $13.50 target price on the stock. JPMorgan Chase & Co. cut their target price on Smith Douglas Homes from $19.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 16th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Smith Douglas Homes in a research report on Tuesday, April 21st. Citizens Jmp assumed coverage on Smith Douglas Homes in a research report on Tuesday, March 24th. They issued a "market perform" rating on the stock. Finally, Wall Street Zen raised Smith Douglas Homes from a "sell" rating to a "hold" rating in a research report on Saturday.

Insider Buying and Selling at Smith Douglas Homes

In other news, Director George Ervin Perdue III bought 20,300 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $12.27 per share, with a total value of $249,081.00. Following the transaction, the director owned 60,684 shares of the company's stock, valued at $744,592.68. This represents a 50.27% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 22,000 shares of company stock valued at $268,607.

Institutional Trading of Smith Douglas Homes

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Smith Douglas Homes in the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC acquired a new stake in Smith Douglas Homes in the 2nd quarter valued at $90,000. GSA Capital Partners LLP acquired a new stake in Smith Douglas Homes in the 3rd quarter valued at $188,000. Price T Rowe Associates Inc. MD acquired a new stake in Smith Douglas Homes in the 4th quarter valued at $182,000. Finally, AlphaQuest LLC acquired a new stake in Smith Douglas Homes in the 3rd quarter valued at $195,000.

Smith Douglas Homes Stock Down 0.2%

Shares of Smith Douglas Homes stock opened at $12.98 on Monday. The firm has a market cap of $659.12 million, a PE ratio of 13.66 and a beta of 1.31. The business's fifty day moving average is $13.60 and its two-hundred day moving average is $16.79. Smith Douglas Homes has a fifty-two week low of $11.13 and a fifty-two week high of $23.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its 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 business had revenue of $206.44 million for the quarter, compared to analyst estimates of $200.70 million. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%. Equities research analysts anticipate that Smith Douglas Homes will post 0.4 EPS for the current year.

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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