Smith Douglas Homes (SDHC) to Release Earnings on Tuesday

Smith Douglas Homes (NYSE:SDHC - Get Free Report) 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 Trading Down 5.3 %

Shares of Smith Douglas Homes stock traded down $1.27 during trading on Friday, hitting $22.75. The stock had a trading volume of 143,525 shares, compared to its average volume of 98,041. The business has a fifty day moving average of $27.10 and a two-hundred day moving average of $31.92. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on shares of 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. Wells Fargo & Company cut their price objective on Smith Douglas Homes from $33.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Bank of America cut Smith Douglas Homes from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $33.00 to $22.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $25.40.

Insider Activity at Smith Douglas Homes

In related news, Director Jeffrey T. Jackson purchased 8,605 shares of Smith Douglas Homes stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of $29.77 per share, with a total value of $256,170.85. Following the completion of the transaction, the director now directly owns 15,748 shares of the company's stock, valued at $468,817.96. This trade represents a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.