Smith Douglas Homes (SDHC) Projected to Post Earnings on Tuesday

Smith Douglas Homes (NYSE:SDHC) is expected to be releasing its earnings data before the market opens on Tuesday, February 11th. Analysts expect Smith Douglas Homes to post earnings of $0.46 per share for the quarter.

Smith Douglas Homes Stock Performance

Shares of NYSE:SDHC opened at $22.77 on Tuesday. Smith Douglas Homes has a 1-year low of $20.55 and a 1-year high of $39.50. The company has a 50 day moving average price of $27.90 and a 200 day moving average price of $32.11.

Wall Street Analyst Weigh In

SDHC has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. Wedbush restated a “neutral” rating and set a $20.00 price target on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.40.

Insider Buying and Selling

In other news, Director Jeffrey T. Jackson bought 8,605 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at $468,817.96. The trade was a 120.47 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.