Smith Douglas Homes (NYSE:SDHC) Insider Russell Devendorf Buys 1,000 Shares

Smith Douglas Homes Corp. (NYSE:SDHC) insider Russell Devendorf purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $12.34 per share, for a total transaction of $12,340.00. Following the completion of the transaction, the insider owned 317,461 shares of the company’s stock, valued at $3,917,468.74. This represents a 0.32% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Russell Devendorf also recently made the following trade(s):

• On Thursday, August 20th, Russell Devendorf bought 1,000 shares of Smith Douglas Homes stock. The shares were acquired at an average price of $12.68 per share, with a total value of $12,680.00.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock opened at $12.52 on Thursday. The firm has a market cap of $636.39 million, a price-to-earnings ratio of 17.39 and a beta of 0.88. Smith Douglas Homes Corp. has a 1 year low of $10.72 and a 1 year high of $23.49. The firm’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $14.09.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $273.03 million for the quarter, compared to analyst estimates of $258.10 million. Smith Douglas Homes had a net margin of 0.64% and a negative return on equity of 0.19%. As a group, equities analysts predict that Smith Douglas Homes Corp. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State Street Corp increased its position in Smith Douglas Homes by 2.7% in the 4th quarter. State Street Corp now owns 42,312 shares of the company’s stock worth $710,000 after purchasing an additional 1,100 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Smith Douglas Homes by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 104,422 shares of the company’s stock valued at $1,752,000 after buying an additional 1,406 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Smith Douglas Homes by 5.8% during the 2nd 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Smith Douglas Homes during the 2nd quarter valued at about $34,000. Finally, Ruane Cunniff & Goldfarb L.P. grew its stake in shares of Smith Douglas Homes by 18.7% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 14,490 shares of the company’s stock valued at $185,000 after buying an additional 2,281 shares in the last quarter.

Wall Street Analysts Forecast Growth

SDHC has been the topic of several recent analyst reports. Wall Street Zen upgraded Smith Douglas Homes from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Smith Douglas Homes in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.90.

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.