Smith Douglas Homes (NYSE:SDHC) Earns Neutral Rating from Analysts at Zelman & Associates

Stock analysts at Zelman & Associates started coverage on shares of Smith Douglas Homes (NYSE:SDHC) in a report released on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $13.50 price target on the stock. Zelman & Associates’ price objective suggests a potential upside of 1.20% from the stock’s previous close.

SDHC has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smith Douglas Homes in a report on Thursday, January 22nd. Citizens Jmp assumed coverage on shares of Smith Douglas Homes in a report on Tuesday, March 24th. They set a “market perform” rating for the company. Zacks Research downgraded Smith Douglas Homes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reduced their price target on shares of Smith Douglas Homes from $19.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Finally, Wells Fargo & Company decreased their target price on Smith Douglas Homes from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Smith Douglas Homes currently has an average rating of “Reduce” and an average target price of $14.58.

Smith Douglas Homes Stock Down 1.1%

Shares of NYSE:SDHC traded down $0.15 during trading on Monday, hitting $13.34. 3,785 shares of the company traded hands, compared to its average volume of 126,970. Smith Douglas Homes has a one year low of $11.13 and a one year high of $23.50. The stock has a market capitalization of $686.88 million, a price-to-earnings ratio of 11.21 and a beta of 1.29. The business’s fifty day moving average is $15.37 and its 200-day moving average is $17.28.

Smith Douglas Homes (NYSE:SDHC) last released its quarterly earnings results on Wednesday, March 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). The company had revenue of $260.43 million during the quarter, compared to analyst estimates of $251.09 million. Smith Douglas Homes had a net margin of 1.10% and a negative return on equity of 1.03%. On average, analysts forecast that Smith Douglas Homes will post 1.73 EPS for the current year.

Insider Activity at Smith Douglas Homes

In other news, Director George Ervin Perdue III bought 20,300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $12.27 per share, with a total value of $249,081.00. Following the acquisition, the director owned 60,684 shares in the company, valued at $744,592.68. This trade represents a 50.27% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 22,000 shares of company stock valued at $268,607. 82.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Smith Douglas Homes

Institutional investors have recently bought and sold shares of the business. Conifer Management L.L.C. grew its holdings in shares of Smith Douglas Homes by 68.3% during the fourth quarter. Conifer Management L.L.C. now owns 1,433,350 shares of the company’s stock worth $24,037,000 after purchasing an additional 581,794 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Smith Douglas Homes by 38.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 331,674 shares of the company’s stock worth $5,857,000 after buying an additional 91,292 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Smith Douglas Homes by 6.2% in the 4th quarter. Wasatch Advisors LP now owns 1,249,857 shares of the company’s stock valued at $20,960,000 after buying an additional 72,525 shares during the period. Marshall Wace LLP acquired a new stake in Smith Douglas Homes in the second quarter worth about $644,000. Finally, Wellington Management Group LLP boosted its stake in shares of Smith Douglas Homes by 2.2% in the 4th quarter. Wellington Management Group LLP now owns 1,176,973 shares of the company’s stock valued at $19,738,000 after purchasing an additional 24,996 shares during 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.