Analysts Set Smith Douglas Homes Corp. (NYSE:SDHC) Price Target at $29.00

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $29.00.

SDHC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. dropped their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note 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 note on Tuesday, November 12th.

Smith Douglas Homes Price Performance

SDHC stock opened at $24.29 on Monday. The company’s fifty day moving average price is $28.57 and its 200-day moving average price is $32.05. Smith Douglas Homes has a one year low of $20.55 and a one year high of $39.50.

Insider Activity

In other news, Director Jeffrey T. Jackson bought 8,605 shares of the stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the acquisition, the director now owns 15,748 shares of the company’s stock, valued at $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of Smith Douglas Homes

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

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.