Smith Douglas Homes Corp. (NYSE:SDHC) Given Average Recommendation of “Hold” by Brokerages

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $29.00.

Several brokerages recently weighed in on SDHC. JPMorgan Chase & Co. cut 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. Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price objective 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.

Smith Douglas Homes Trading Up 2.0 %

Shares of SDHC stock opened at $25.22 on Monday. The firm’s 50 day moving average is $29.31 and its 200-day moving average is $32.00. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Insiders Place Their Bets

In related news, Director Jeffrey T. Jackson acquired 8,605 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $29.77 per share, with a total value of $256,170.85. Following the completion of the transaction, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Smith Douglas Homes

Several large investors have recently made changes to their positions in SDHC. nVerses Capital LLC bought a new stake in shares of Smith Douglas Homes during the third quarter worth $34,000. Quantbot Technologies LP increased its position in shares of Smith Douglas Homes by 287.0% during the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after acquiring an additional 2,738 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Smith Douglas Homes during the third quarter worth $204,000. XTX Topco Ltd bought a new stake in shares of Smith Douglas Homes during the third quarter worth $246,000. Finally, Portside Wealth Group LLC bought a new stake in shares of Smith Douglas Homes during 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.