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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report) have been given a consensus rating of "Hold" by the six ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $32.40.

A number of brokerages recently issued reports on SDHC. Wedbush reaffirmed a "neutral" rating and issued a $20.00 price target on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Bank of America increased their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. cut shares of Smith Douglas Homes from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $41.00 to $36.00 in a research report on Monday, November 25th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Wells Fargo & Company boosted their target price on Smith Douglas Homes from $35.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, October 7th.

Insider Activity

In related news, Director Jeffrey T. Jackson purchased 8,605 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of $29.77 per share, with a total value of $256,170.85. Following the completion of the acquisition, the director now directly owns 15,748 shares in the company, valued at $468,817.96. This trade represents a 120.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Smith Douglas Homes

A number of large investors have recently bought and sold shares of SDHC. nVerses Capital LLC acquired a new position in Smith Douglas Homes during the 3rd quarter worth approximately $34,000. Quantbot Technologies LP raised its stake 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 during the last quarter. RiverPark Advisors LLC purchased a new stake in shares of Smith Douglas Homes in the second quarter valued at about $120,000. Atria Investments Inc acquired a new stake in Smith Douglas Homes during the 3rd quarter valued at $204,000. Finally, XTX Topco Ltd acquired a new stake in shares of Smith Douglas Homes during the third quarter valued at $246,000.

Smith Douglas Homes Trading Up 0.1 %

NYSE:SDHC traded up $0.03 during midday trading on Friday, reaching $33.70. The company had a trading volume of 21,529 shares, compared to its average volume of 58,817. The stock's fifty day simple moving average is $34.70 and its 200-day simple moving average is $31.21. 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.