Russell Devendorf Acquires 2,000 Shares of Smith Douglas Homes (NYSE:SDHC) Stock

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf bought 2,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $10.88 per share, for a total transaction of $21,760.00. Following the acquisition, the insider directly owned 315,461 shares in the company, valued at approximately $3,432,215.68. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 13th, Russell Devendorf purchased 1,000 shares of Smith Douglas Homes stock. The stock was bought at an average price of $11.56 per share, with a total value of $11,560.00.

Smith Douglas Homes Stock Up 0.8%

Shares of NYSE:SDHC traded up $0.09 during midday trading on Friday, reaching $11.72. 52,633 shares of the company traded hands, compared to its average volume of 116,257. The firm’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $16.39. The firm has a market capitalization of $595.18 million, a price-to-earnings ratio of 12.34 and a beta of 1.31. Smith Douglas Homes Corp. has a 12 month low of $10.72 and a 12 month high of $23.50.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Wednesday, April 29th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Smith Douglas Homes had a negative return on equity of 0.78% and a net margin of 0.90%.The business had revenue of $206.44 million during the quarter, compared to the consensus estimate of $200.70 million. Analysts forecast that Smith Douglas Homes Corp. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SDHC shares. Wells Fargo & Company decreased their target price on shares of Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Citizens Jmp began coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They set a “market perform” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Zacks Research upgraded Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Smith Douglas Homes currently has a consensus rating of “Reduce” and an average target price of $13.90.

Institutional Trading of Smith Douglas Homes

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the second quarter worth $34,000. Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes during the second quarter worth about $90,000. Hsbc Holdings PLC bought a new stake in Smith Douglas Homes during the first quarter worth about $168,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Smith Douglas Homes in the 4th quarter worth about $182,000. Finally, Ruane Cunniff & Goldfarb L.P. boosted its holdings in shares of Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock worth $185,000 after purchasing an additional 2,281 shares in the last quarter.

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.