Analysts Set Smith Douglas Homes Corp. (NYSE:SDHC) PT at $29.00

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $29.00.

SDHC has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th.

Smith Douglas Homes Stock Down 0.7 %

Shares of Smith Douglas Homes stock opened at $24.85 on Monday. The stock’s fifty day moving average is $28.94 and its two-hundred day moving average is $32.06. Smith Douglas Homes has a 52 week low of $20.55 and a 52 week high of $39.50.

Insiders Place Their Bets

In related news, Director Jeffrey T. Jackson purchased 8,605 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were acquired 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 of the company’s stock, valued at $468,817.96. The trade was a 120.47 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Smith Douglas Homes

A number of hedge funds have recently made changes to their positions in SDHC. nVerses Capital LLC bought a new position in Smith Douglas Homes in the third quarter worth about $34,000. Quantbot Technologies LP grew its position in shares of Smith Douglas Homes by 287.0% in 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. Atria Investments Inc bought a new position in shares of Smith Douglas Homes during the 3rd quarter worth approximately $204,000. XTX Topco Ltd acquired a new stake in Smith Douglas Homes in the third quarter valued at approximately $246,000. Finally, Portside Wealth Group LLC purchased a new position in Smith Douglas Homes in the third quarter worth $283,000.

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.