Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have received an average rating of “Reduce” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.90.

A number of research analysts have commented on SDHC shares. JPMorgan Chase & Co. dropped their price objective on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 16th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research note on Tuesday, April 21st. Zacks Research lowered shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zelman & Associates assumed coverage on shares of Smith Douglas Homes in a research note on Monday, April 6th. They issued a “neutral” rating and a $13.50 price objective on the stock.

Smith Douglas Homes Stock Performance

NYSE SDHC opened at $11.18 on Monday. The firm has a market cap of $567.72 million, a PE ratio of 11.77 and a beta of 1.31. Smith Douglas Homes has a one year low of $11.00 and a one year high of $23.50. The firm’s fifty day moving average is $13.18 and its two-hundred day moving average is $16.57.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $206.44 million for the quarter, compared to analyst estimates of $200.70 million. Smith Douglas Homes had a net margin of 0.90% and a negative return on equity of 0.78%. Research analysts predict that Smith Douglas Homes will post 0.35 earnings per share for the current year.

Insider Buying and Selling at Smith Douglas Homes

In other news, Director George Ervin Perdue III bought 20,300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $12.27 per share, with a total value of $249,081.00. Following the completion of the acquisition, the director directly owned 60,684 shares in the company, valued at approximately $744,592.68. The trade was a 50.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 22,000 shares of company stock valued at $268,607 over the last quarter.

Institutional Trading of Smith Douglas Homes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Smith Douglas Homes in the second quarter valued at about $34,000. Tower Research Capital LLC TRC purchased a new stake in shares of Smith Douglas Homes in the second quarter valued at about $90,000. GSA Capital Partners LLP purchased a new stake in shares of Smith Douglas Homes in the third quarter valued at about $188,000. Price T Rowe Associates Inc. MD purchased a new stake in Smith Douglas Homes during the fourth quarter worth about $182,000. Finally, AlphaQuest LLC purchased a new stake in Smith Douglas Homes during the third quarter worth about $195,000.

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.