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

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

Smith Douglas Homes Stock Performance

Shares of SDHC stock opened at $22.75 on Monday. Smith Douglas Homes has a one year low of $20.55 and a one year high of $39.50. The firm’s 50 day moving average price is $26.88 and its 200-day moving average price is $31.88.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America lowered 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 report on Monday, January 27th. Finally, Wells Fargo & Company cut their price target on 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 four have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.40.

Insider Activity

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of $29.77 per share, with a total value of $256,170.85. Following the transaction, the director now owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed 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.