Smith Douglas Homes Corp. (NYSE:SDHC) Receives $27.70 Average PT from Brokerages

Smith Douglas Homes Corp. (NYSE:SDHC) has received an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.70.

SDHC has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $23.00 target price on shares of Smith Douglas Homes in a report on Wednesday, March 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price on shares of Smith Douglas Homes in a research report on Thursday, March 21st. JPMorgan Chase & Co. started coverage on Smith Douglas Homes in a research report on Monday, February 5th. They set an “overweight” rating and a $31.50 target price for the company. Wells Fargo & Company boosted their price target on Smith Douglas Homes from $25.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Finally, Bank of America began coverage on Smith Douglas Homes in a research note on Monday, February 5th. They set a “neutral” rating and a $28.00 target price on the stock.

Smith Douglas Homes Price Performance

Shares of Smith Douglas Homes stock opened at $27.23 on Friday. The business has a 50 day moving average of $29.02. Smith Douglas Homes has a one year low of $23.26 and a one year high of $32.82.

Hedge Funds Weigh In On Smith Douglas Homes

A number of large investors have recently bought and sold shares of SDHC. Azzad Asset Management Inc. ADV acquired a new position in Smith Douglas Homes in the 1st quarter worth about $331,000. Norden Group LLC acquired a new position in Smith Douglas Homes in the 1st quarter worth about $2,331,000. Seven Grand Managers LLC acquired a new position in Smith Douglas Homes in the 1st quarter worth about $1,485,000. SYSTM Wealth Solutions LLC acquired a new position in Smith Douglas Homes in the 1st quarter worth about $76,000. Finally, Peregrine Capital Management LLC acquired a new position in Smith Douglas Homes in the 1st quarter worth about $867,000.

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.