Smith Douglas Homes (NYSE:SDHC) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp initiated coverage on shares of Smith Douglas Homes (NYSE:SDHC) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.

A number of other research analysts have also commented on the company. Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research lowered Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. BTIG Research began coverage on Smith Douglas Homes in a research note on Monday, December 1st. They set a “neutral” rating on the stock. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. Finally, Wells Fargo & Company dropped their price target on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $14.80.

Smith Douglas Homes Stock Up 2.4%

Shares of Smith Douglas Homes stock opened at $12.42 on Tuesday. The company’s fifty day simple moving average is $16.66 and its two-hundred day simple moving average is $17.64. Smith Douglas Homes has a 12-month low of $11.13 and a 12-month high of $23.50. The firm has a market cap of $639.51 million, a PE ratio of 10.44 and a beta of 1.04.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Wednesday, March 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.20). The firm had revenue of $260.43 million for the quarter, compared to the consensus estimate of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. As a group, sell-side analysts expect that Smith Douglas Homes will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director George Ervin Perdue III acquired 20,300 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the acquisition, the director directly owned 60,684 shares of the company’s stock, valued at approximately $744,592.68. This represents a 50.27% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 22,000 shares of company stock valued at $268,607 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Conifer Management L.L.C. raised its position in shares of Smith Douglas Homes by 68.3% in the 4th quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock worth $24,037,000 after acquiring an additional 581,794 shares in the last quarter. Wasatch Advisors LP grew its stake in Smith Douglas Homes by 4.4% in the second 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 grew its stake in Smith Douglas Homes by 2.2% in the fourth 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 during the period. Beck Mack & Oliver LLC grew its stake in Smith Douglas Homes by 0.4% in the fourth 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 during the period. 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 worth $7,965,000 after purchasing an additional 3,884 shares in the last quarter.

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.