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

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf bought 1,000 shares of Smith Douglas Homes stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $12.34 per share, with a total value of $12,340.00. Following the transaction, the insider owned 317,461 shares of the company’s stock, valued at $3,917,468.74. This trade represents a 0.32% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 20th, Russell Devendorf purchased 1,000 shares of Smith Douglas Homes stock. The shares were acquired at an average cost of $12.68 per share, for a total transaction of $12,680.00.

Smith Douglas Homes Stock Performance

NYSE:SDHC opened at $12.42 on Friday. Smith Douglas Homes Corp. has a 52 week low of $10.72 and a 52 week high of $23.49. The firm’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $14.03. The firm has a market cap of $631.31 million, a price-to-earnings ratio of 17.25 and a beta of 0.88.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings data 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). Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. The business had revenue of $273.03 million during the quarter, compared to the consensus estimate of $258.10 million. Sell-side analysts anticipate that Smith Douglas Homes Corp. will post 0.25 EPS for the current year.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Smith Douglas Homes in the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC bought a new stake in shares of Smith Douglas Homes during the 2nd quarter worth $90,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Smith Douglas Homes during the 4th quarter worth $182,000. VARCOV Co. acquired a new stake in Smith Douglas Homes in the fourth quarter valued at about $200,000. Finally, Hsbc Holdings PLC acquired a new stake in Smith Douglas Homes in the first quarter valued at about $168,000.

Analyst Ratings Changes

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

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.