Insider Buying: Smith Douglas Homes (NYSE:SDHC) Insider Purchases 1,000 Shares of Stock

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf purchased 1,000 shares of Smith Douglas Homes stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $12.68 per share, with a total value of $12,680.00. Following the completion of the acquisition, the insider directly owned 316,461 shares in the company, valued at approximately $4,012,725.48. This trade represents a 0.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Smith Douglas Homes Stock Up 0.3%

Shares of NYSE SDHC traded up $0.04 during midday 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 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 twelve month low of $10.72 and a twelve month high of $23.49. The business has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $14.20.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on SDHC shares. Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Finally, Wall Street Zen raised Smith Douglas Homes from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One 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, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus price target of $13.90.

Institutional Investors Weigh In On Smith Douglas Homes

Institutional investors have recently added to or reduced their stakes in the company. Conifer Management L.L.C. purchased a new position in shares of Smith Douglas Homes in the 2nd quarter worth about $22,274,259,000. Wasatch Advisors LP grew its holdings in shares of Smith Douglas Homes by 4.4% during the 2nd quarter. Wasatch Advisors LP now owns 1,279,357 shares of the company’s stock worth $24,845,000 after purchasing an additional 53,358 shares during the period. Wellington Management Group LLP increased its position in Smith Douglas Homes by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock worth $19,738,000 after purchasing an additional 24,996 shares in the last quarter. Beck Mack & Oliver LLC increased its position in Smith Douglas Homes by 0.4% during the 4th quarter. Beck Mack & Oliver LLC now owns 816,447 shares of the company’s stock worth $13,692,000 after purchasing an additional 3,605 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Smith Douglas Homes by 0.9% in the third quarter. Vanguard Group Inc. now owns 450,993 shares of the company’s stock valued at $7,965,000 after buying an additional 3,884 shares during the period.

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.