Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Rating of “Hold” by Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has been given an average recommendation of “Hold” by the six research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.00.

A number of research firms have weighed in on SDHC. Wells Fargo & Company cut their target price on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut 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 research report on Friday, December 13th.

Smith Douglas Homes Price Performance

Smith Douglas Homes stock opened at $25.22 on Monday. Smith Douglas Homes has a fifty-two week low of $20.55 and a fifty-two week high of $39.50. The firm has a fifty day moving average price of $29.31 and a two-hundred day moving average price of $32.00.

Insider Activity

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $29.77 per share, with a total value of $256,170.85. Following the completion of the purchase, the director now directly owns 15,748 shares in the company, 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 SEC, which is available through the SEC website.

Institutional Trading of Smith Douglas Homes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV increased its stake in Smith Douglas Homes by 3.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 11,579 shares of the company’s stock valued at $437,000 after acquiring an additional 349 shares during the period. nVerses Capital LLC bought a new stake in Smith Douglas Homes in the third quarter valued at about $34,000. Quantbot Technologies LP increased its stake in Smith Douglas Homes by 287.0% in the third 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 period. US Bancorp DE increased its stake in Smith Douglas Homes by 68.6% in the third quarter. US Bancorp DE now owns 9,896 shares of the company’s stock valued at $374,000 after acquiring an additional 4,027 shares during the period. Finally, Atria Investments Inc bought a new stake in Smith Douglas Homes in the third quarter valued at about $204,000.

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.