Smith Douglas Homes (SDHC) to Release Earnings on Tuesday

Smith Douglas Homes (NYSE:SDHC) is expected to post 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 Price Performance

Shares of NYSE:SDHC opened at $22.75 on Monday. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month high of $39.50. The business has a 50 day moving average of $26.88 and a two-hundred day moving average of $31.88.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of the stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of $29.77 per share, with a total value of $256,170.85. Following the purchase, the director now directly owns 15,748 shares in the company, valued at $468,817.96. This trade represents a 120.47 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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.