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

Smith Douglas Homes (NYSE:SDHC) is expected to be posting its quarterly earnings results 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 Down 6.2 %

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

Analysts Set New Price Targets

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

Insider Transactions at Smith Douglas Homes

In related news, Director Jeffrey T. Jackson purchased 8,605 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $29.77 per share, with a total value of $256,170.85. Following the completion of the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. The trade was a 120.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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.