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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.70.

Several research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They set an “overweight” rating and a $31.50 price target for the company. Bank of America assumed coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They set a “neutral” rating and a $28.00 price target for the company. Wolfe Research assumed coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They set a “peer perform” rating for the company. Wells Fargo & Company boosted their price target on shares of Smith Douglas Homes from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $23.00 price target on shares of Smith Douglas Homes in a report on Wednesday, March 20th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Douglas Homes stock. Norden Group LLC bought a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 78,484 shares of the company’s stock, valued at approximately $2,331,000. Norden Group LLC owned approximately 0.89% of Smith Douglas Homes at the end of the most recent quarter.

Smith Douglas Homes Stock Down 0.6 %

Shares of SDHC stock opened at $24.90 on Friday. The company has a 50 day simple moving average of $29.12. Smith Douglas Homes has a fifty-two week low of $23.26 and a fifty-two week high of $32.82.

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.