Smith Douglas Homes (NYSE:SDHC) Sees Large Volume Increase – Should You Buy?

Smith Douglas Homes Corp. (NYSE:SDHC) saw strong trading volume on Tuesday . 113,832 shares changed hands during trading, a decline of 13% from the previous session’s volume of 130,639 shares.The stock last traded at $26.04 and had previously closed at $25.99.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SDHC shares. Wells Fargo & Company upped their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America lifted their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.20.

Smith Douglas Homes Trading Down 0.4 %

The firm’s fifty day moving average price is $32.11 and its two-hundred day moving average price is $31.89.

Insider Activity at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson purchased 8,605 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the purchase, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Smith Douglas Homes

Several institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC bought a new position in shares of Smith Douglas Homes during the 3rd quarter valued at about $34,000. Quantbot Technologies LP increased its stake in Smith Douglas Homes by 287.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after acquiring an additional 2,738 shares during the last quarter. Atria Investments Inc bought a new position in shares of Smith Douglas Homes during the 3rd quarter valued at approximately $204,000. XTX Topco Ltd purchased a new position in shares of Smith Douglas Homes in the third quarter valued at $246,000. Finally, Portside Wealth Group LLC bought a new stake in Smith Douglas Homes in the third quarter worth $283,000.

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.