Smith Douglas Homes Corp. (NYSE:SDHC) Receives $32.20 Consensus Target Price from Analysts

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.20.

SDHC has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on 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 upped their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research note on Tuesday, November 12th.

Insider Transactions at Smith Douglas Homes

In other news, Director Jeffrey T. Jackson bought 8,605 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average cost of $29.77 per share, for a total transaction of $256,170.85. Following the completion of the acquisition, the director now owns 15,748 shares in the company, valued at approximately $468,817.96. This trade represents a 120.47 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thornburg Investment Management Inc. bought a new position in shares of Smith Douglas Homes during the second quarter valued at approximately $4,975,000. Federated Hermes Inc. raised its holdings in Smith Douglas Homes by 5.5% in the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 purchasing an additional 8,193 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Smith Douglas Homes by 260.2% during the 2nd quarter. Renaissance Technologies LLC now owns 33,500 shares of the company’s stock valued at $783,000 after purchasing an additional 24,200 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Smith Douglas Homes by 39.4% during the second quarter. Sei Investments Co. now owns 47,629 shares of the company’s stock valued at $1,114,000 after buying an additional 13,451 shares during the period.

Smith Douglas Homes Stock Down 1.3 %

NYSE SDHC opened at $25.64 on Thursday. Smith Douglas Homes has a 52-week low of $20.55 and a 52-week high of $39.50. The company has a fifty day moving average of $31.80 and a 200-day moving average of $31.85.

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.