Smith Douglas Homes (NYSE:SDHC) Coverage Initiated by Analysts at Citizens Jmp

Key Points

• Citizens Jmp initiated coverage on Smith Douglas Homes (NYSE:SDHC) with a "market perform" rating; overall analyst tallies are 1 Buy, 6 Hold and 3 Sell, yielding a consensus "Reduce" rating and a $14.80 target (JPMorgan recently cut its target to $12).
• The company missed quarterly EPS estimates (reported -$0.08 vs. $0.12 expected) while beating revenue expectations ($260.4M), and the stock is trading near recent lows around $12 with a market cap of about $631M.
• Director George Ervin Perdue III purchased 20,300 shares at roughly $12.27 — a ~50% increase in his holdings — signaling notable insider buying amid the mixed analyst outlook.

Investment analysts at Citizens Jmp initiated coverage on shares of Smith Douglas Homes (NYSE:SDHC - Get Free Report) in a research report issued on Tuesday,Benzinga reports. The firm set a "market perform" rating on the stock.

Several other analysts also recently issued reports on SDHC. Wall Street Zen downgraded Smith Douglas Homes from a "hold" rating to a "sell" rating in a research note on Sunday. JPMorgan Chase & Co. dropped their target price on Smith Douglas Homes from $19.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 16th. UBS Group reaffirmed a "positive" rating on shares of Smith Douglas Homes in a research report on Monday, December 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of Smith Douglas Homes in a report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Smith Douglas Homes from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Smith Douglas Homes presently has a consensus rating of "Reduce" and a consensus target price of $14.80.

Smith Douglas Homes Stock Performance

SDHC opened at $12.26 on Tuesday. The firm has a market cap of $631.27 million, a price-to-earnings ratio of 10.30 and a beta of 1.04. The firm's 50-day simple moving average is $16.83 and its 200-day simple moving average is $17.70. Smith Douglas Homes has a twelve month low of $11.13 and a twelve month high of $23.50.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%.The company had revenue of $260.43 million for the quarter, compared to analyst estimates of $251.09 million. As a group, sell-side analysts anticipate that Smith Douglas Homes will post 1.73 EPS for the current fiscal year.

Insider Transactions at Smith Douglas Homes

In other Smith Douglas Homes news, Director George Ervin Perdue III purchased 20,300 shares of the firm's stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the purchase, the director owned 60,684 shares of the company's stock, valued at $744,592.68. This trade represents a 50.27% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 22,000 shares of company stock valued at $268,607.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the 2nd quarter valued at approximately $34,000. Tower Research Capital LLC TRC purchased a new stake in shares of Smith Douglas Homes in the second quarter worth about $90,000. Price T Rowe Associates Inc. MD bought a new position in shares of Smith Douglas Homes in the fourth quarter valued at approximately $182,000. GSA Capital Partners LLP purchased a new position in Smith Douglas Homes during the third quarter valued at approximately $188,000. Finally, AlphaQuest LLC purchased a new position in Smith Douglas Homes during the third quarter valued at approximately $195,000.

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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