Smith Douglas Homes Corp. (NYSE:SDHC) Given Consensus Recommendation of "Hold" by Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) have been given an average rating of "Hold" by the six analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

Several equities research analysts have issued reports on SDHC shares. Wedbush reiterated a "neutral" rating and set a $20.00 target price on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. dropped 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.

Insider Transactions at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson acquired 8,605 shares of the stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average cost of $29.77 per share, for a total transaction of $256,170.85. Following the acquisition, the director now 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 at this link.

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Smith Douglas Homes by 1,551.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,343 shares of the company's stock worth $806,000 after acquiring an additional 20,051 shares during the last quarter. Virtu Financial LLC bought a new stake in Smith Douglas Homes during the 3rd quarter valued at $344,000. M&T Bank Corp bought a new stake in Smith Douglas Homes during the 3rd quarter valued at $436,000. XTX Topco Ltd bought a new stake in Smith Douglas Homes during the 3rd quarter valued at $246,000. Finally, Jane Street Group LLC bought a new stake in Smith Douglas Homes during the 3rd quarter valued at $530,000.

Smith Douglas Homes Price Performance

NYSE:SDHC traded up $0.49 during mid-day trading on Monday, hitting $25.22. 59,122 shares of the stock traded hands, compared to its average volume of 139,672. The business's 50-day moving average price is $29.31 and its 200 day moving average price is $32.00. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month 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.