Insider Buying: Smith Douglas Homes (NYSE:SDHC) Insider Acquires $12,680.00 in Stock

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $12.68 per share, with a total value of $12,680.00. Following the completion of the transaction, the insider owned 316,461 shares in the company, valued at $4,012,725.48. This trade represents a 0.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Smith Douglas Homes Trading Up 0.3%

NYSE:SDHC traded up $0.04 during mid-day trading on Monday, hitting $12.45. The company had a trading volume of 78,068 shares, compared to its average volume of 96,012. The business has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $14.20. The firm has a market capitalization of $632.83 million, a price-to-earnings ratio of 17.29 and a beta of 0.88. Smith Douglas Homes Corp. has a 1 year low of $10.72 and a 1 year high of $23.49.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $273.03 million during the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. As a group, research analysts anticipate that Smith Douglas Homes Corp. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Friday, July 17th. Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $13.90.

Institutional Trading of Smith Douglas Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Conifer Management L.L.C. bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth about $22,274,259,000. Wasatch Advisors LP raised its stake in Smith Douglas Homes by 6.2% during the fourth quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock worth $20,960,000 after acquiring an additional 72,525 shares during the period. First Eagle Investment Management LLC lifted its holdings in Smith Douglas Homes by 14.2% in the fourth quarter. First Eagle Investment Management LLC now owns 378,774 shares of the company’s stock worth $6,352,000 after acquiring an additional 47,100 shares during the last quarter. Marshall Wace LLP acquired a new position in Smith Douglas Homes in the second quarter valued at approximately $644,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $324,000.

About Smith Douglas Homes

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.