Smith Douglas Homes (NYSE:SDHC) Reaches New 1-Year Low – What’s Next?

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) reached a new 52-week low during trading on Friday . The stock traded as low as $11.13 and last traded at $11.14, with a volume of 29847 shares. The stock had previously closed at $11.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BTIG Research initiated coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They issued a “neutral” rating for the company. UBS Group reaffirmed a “positive” rating on shares of Smith Douglas Homes in a research report on Monday, December 1st. Wells Fargo & Company decreased their price target on shares of 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. Wall Street Zen lowered Smith Douglas Homes from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Zacks Research cut Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes has a consensus rating of “Reduce” and an average price target of $14.80.

Smith Douglas Homes Stock Down 2.5%

The stock’s 50 day moving average is $16.97 and its two-hundred day moving average is $17.76. The company has a market capitalization of $580.87 million, a PE ratio of 9.49 and a beta of 1.04.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Wednesday, March 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. The business had revenue of $260.43 million for the quarter, compared to analysts’ expectations of $251.09 million. On average, sell-side analysts predict that Smith Douglas Homes Corp. will post 1.73 EPS for the current fiscal year.

Insider Activity

In other Smith Douglas Homes news, Director George Ervin Perdue III acquired 20,300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $12.27 per share, with a total value of $249,081.00. Following the completion of the acquisition, the director directly owned 60,684 shares in the company, valued at $744,592.68. This represents a 50.27% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 22,000 shares of company stock worth $268,607 in the last 90 days. 82.71% of the stock is currently owned by company insiders.

Institutional Trading of Smith Douglas Homes

A number of hedge funds have recently bought and sold shares of SDHC. Raymond James Financial Inc. bought a new stake in Smith Douglas Homes during the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC bought a new position in shares of Smith Douglas Homes in the 2nd quarter worth $90,000. Price T Rowe Associates Inc. MD bought a new position in shares of Smith Douglas Homes in the 4th quarter worth $182,000. GSA Capital Partners LLP purchased a new stake in shares of Smith Douglas Homes during the 3rd quarter worth $188,000. Finally, AlphaQuest LLC bought a new stake in Smith Douglas Homes during the third quarter valued at about $195,000.

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.