Smith Douglas Homes Corp. (NYSE:SDHC - Get Free Report)'s stock price rose 4.8% during mid-day trading on Thursday . The stock traded as high as $21.99 and last traded at $21.95. Approximately 7,282 shares traded hands during trading, a decline of 94% from the average daily volume of 117,450 shares. The stock had previously closed at $20.95.
Analyst Ratings Changes
SDHC has been the topic of several research reports. Wedbush restated a "neutral" rating and set a $20.00 price objective on shares of Smith Douglas Homes in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price objective on shares of Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. Wells Fargo & Company lowered their target price 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. Finally, Bank of America cut shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.40.
Read Our Latest Report on Smith Douglas Homes
Smith Douglas Homes Price Performance
The stock's 50 day moving average is $23.50 and its two-hundred day moving average is $30.49.
Hedge Funds Weigh In On Smith Douglas Homes
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in Smith Douglas Homes in the fourth quarter valued at about $27,000. Quantbot Technologies LP boosted its position 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 buying an additional 2,738 shares in the last quarter. Atria Investments Inc acquired a new position in Smith Douglas Homes in the third quarter valued at about $204,000. Trexquant Investment LP acquired a new position in shares of Smith Douglas Homes during the fourth quarter worth approximately $218,000. Finally, Yorktown Management & Research Co Inc acquired a new position in shares of Smith Douglas Homes during the fourth quarter worth approximately $236,000.
Smith Douglas Homes Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Smith Douglas Homes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Smith Douglas Homes wasn't on the list.
While Smith Douglas Homes currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
