Smith Douglas Homes Corp. (NYSE:SDHC) Receives $32.20 Consensus PT from Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have covered the stock in the last year is $32.20.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Bank of America upped their price target on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company raised their price objective 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. Finally, Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research report on Tuesday, November 12th.

Insider Buying and Selling

In other news, Director Jeffrey T. Jackson purchased 8,605 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $29.77 per share, for a total transaction 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. This trade represents a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

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

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC opened at $26.74 on Thursday. The business has a 50-day moving average of $32.29 and a 200-day moving average of $31.84. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50.

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.