Atria Investments Inc Makes New Investment in Smith Douglas Homes Corp. (NYSE:SDHC)

Atria Investments Inc purchased a new position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,389 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently bought and sold shares of the business. Portside Wealth Group LLC purchased a new stake in Smith Douglas Homes during the 3rd quarter worth about $283,000. US Bancorp DE lifted its holdings in Smith Douglas Homes by 68.6% during the 3rd quarter. US Bancorp DE now owns 9,896 shares of the company’s stock worth $374,000 after buying an additional 4,027 shares during the last quarter. nVerses Capital LLC purchased a new stake in Smith Douglas Homes during the 3rd quarter worth about $34,000. Seven Grand Managers LLC lifted its holdings in Smith Douglas Homes by 100.0% during the 3rd quarter. Seven Grand Managers LLC now owns 50,000 shares of the company’s stock worth $1,889,000 after buying an additional 25,000 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in Smith Douglas Homes by 3.1% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 11,579 shares of the company’s stock worth $437,000 after buying an additional 349 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Jeffrey T. Jackson acquired 8,605 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the completion of the purchase, the director now directly owns 15,748 shares of the company’s stock, valued at $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Smith Douglas Homes Stock Up 6.6 %

Shares of SDHC stock opened at $33.59 on Monday. Smith Douglas Homes Corp. has a one year low of $20.55 and a one year high of $39.50. The company’s 50-day simple moving average is $35.12 and its 200-day simple moving average is $31.06.

Analyst Ratings Changes

SDHC has been the subject of several research reports. 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. Wedbush restated a “neutral” rating and issued a $20.00 price target on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Bank of America boosted their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target on shares of Smith Douglas Homes in a research report on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.50.

About Smith Douglas Homes

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.