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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given a consensus rating of “Hold” by the six brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $32.20.

Several research analysts recently issued reports on SDHC shares. Wells Fargo & Company increased their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America lifted their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price objective 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.

Smith Douglas Homes Trading Down 1.3 %

SDHC opened at $25.64 on Thursday. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month high of $39.50. The stock has a fifty day simple moving average of $31.80 and a two-hundred day simple moving average of $31.85.

Insider Activity at Smith Douglas Homes

In other Smith Douglas Homes news, Director Jeffrey T. Jackson bought 8,605 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of $29.77 per share, with a total value of $256,170.85. Following the transaction, the director now owns 15,748 shares in the company, valued at $468,817.96. This 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.

Institutional Trading of Smith Douglas Homes

A number of large investors have recently made changes to their positions in the stock. Federated Hermes Inc. boosted its holdings in Smith Douglas Homes by 5.5% in the second quarter. Federated Hermes Inc. now owns 527,300 shares of the company’s stock worth $12,328,000 after purchasing an additional 27,300 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Smith Douglas Homes by 1.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 450,193 shares of the company’s stock worth $10,526,000 after buying an additional 8,193 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of Smith Douglas Homes in the third quarter worth $8,104,000. Thornburg Investment Management Inc. purchased a new stake in Smith Douglas Homes during the second quarter valued at $4,975,000. Finally, Marshall Wace LLP boosted its position in Smith Douglas Homes by 17.0% in the second quarter. Marshall Wace LLP now owns 89,770 shares of the company’s stock worth $2,099,000 after purchasing an additional 13,036 shares during the last quarter.

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.