Smith Douglas Homes (NYSE:SDHC) Now Covered by Zelman & Associates

Zelman & Associates started coverage on shares of Smith Douglas Homes (NYSE:SDHC) in a research note issued to investors on Monday morning,Benzinga reports. The brokerage issued a neutral rating and a $13.50 price objective on the stock.

Several other equities research analysts have also recently issued reports on SDHC. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Thursday, January 22nd. JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Citizens Jmp assumed coverage on shares of Smith Douglas Homes in a research report on Tuesday, March 24th. They issued a “market perform” rating on the stock. Zacks Research cut shares of Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $14.58.

Smith Douglas Homes Stock Performance

SDHC opened at $13.66 on Monday. The company’s 50 day simple moving average is $15.25 and its 200 day simple moving average is $17.25. Smith Douglas Homes has a 1 year low of $11.13 and a 1 year high of $23.50. The stock has a market capitalization of $703.31 million, a PE ratio of 11.48 and a beta of 1.29.

Smith Douglas Homes (NYSE:SDHC) last released its earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.20). Smith Douglas Homes had a negative return on equity of 1.03% and a net margin of 1.10%.The company had revenue of $260.43 million during the quarter, compared to analyst estimates of $251.09 million. 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 other Smith Douglas Homes news, Director George Ervin Perdue III purchased 20,300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $12.27 per share, for a total transaction of $249,081.00. Following the completion of the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 22,000 shares of company stock valued at $268,607 in the last 90 days. Company insiders own 82.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SDHC. Geode Capital Management LLC raised its holdings in Smith Douglas Homes by 8.8% in the second quarter. Geode Capital Management LLC now owns 101,896 shares of the company’s stock valued at $1,980,000 after buying an additional 8,201 shares during the period. First Trust Advisors LP raised its holdings in Smith Douglas Homes by 5.8% in the second quarter. First Trust Advisors LP now owns 29,025 shares of the company’s stock valued at $564,000 after buying an additional 1,583 shares during the period. Marshall Wace LLP purchased a new position in Smith Douglas Homes in the second quarter valued at approximately $644,000. Raymond James Financial Inc. purchased a new position in Smith Douglas Homes in the second quarter valued at approximately $34,000. Finally, Wasatch Advisors LP raised its holdings 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 valued at $24,845,000 after buying an additional 53,358 shares during the period.

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.