Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Recommendation of “Hold” from Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has earned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have covered the stock in the last year is $32.40.

Several research firms have issued reports on SDHC. Wells Fargo & Company upped their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. cut shares of Smith Douglas Homes from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $41.00 to $36.00 in a research report on Monday, November 25th. Bank of America lifted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Smith Douglas Homes in a research report on Thursday, August 15th. Finally, Wedbush reiterated a “neutral” rating and set a $20.00 target price on shares of Smith Douglas Homes in a research note on Tuesday, November 12th.

Smith Douglas Homes Price Performance

SDHC opened at $32.94 on Friday. The business’s 50-day moving average price is $34.53 and its two-hundred day moving average price is $31.31. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Insider Activity at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of Smith Douglas Homes stock in a transaction 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 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Smith Douglas Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Smith Douglas Homes during the 3rd quarter worth approximately $344,000. M&T Bank Corp acquired a new stake in shares of Smith Douglas Homes in the 3rd quarter valued at about $436,000. XTX Topco Ltd bought a new stake in Smith Douglas Homes in the 3rd quarter valued at about $246,000. Jane Street Group LLC bought a new position in Smith Douglas Homes in the third quarter worth approximately $530,000. Finally, Stifel Financial Corp lifted its holdings in shares of Smith Douglas Homes by 39.0% in the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock worth $985,000 after purchasing an additional 7,310 shares in the last quarter.

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.