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

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat Ratings 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 analysts that have covered the stock in the last year is $27.70.

SDHC has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Smith Douglas Homes in a research report on Monday, February 5th. They issued an “overweight” rating and a $31.50 price target on the stock. Bank of America initiated coverage on shares of Smith Douglas Homes in a research report on Monday, February 5th. They issued a “neutral” rating and a $28.00 price target on the stock. 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 research report on Friday, March 22nd. 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, March 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Smith Douglas Homes in a research note on Wednesday, March 20th.

Hedge Funds Weigh In On Smith Douglas Homes

A number of large investors have recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV acquired a new position in shares of Smith Douglas Homes during the first quarter valued at about $331,000. Norden Group LLC acquired a new position in shares of Smith Douglas Homes during the first quarter valued at about $2,331,000. Finally, Seven Grand Managers LLC acquired a new position in shares of Smith Douglas Homes during the first quarter valued at about $1,485,000.

Smith Douglas Homes Trading Up 0.5 %

Smith Douglas Homes stock opened at $26.73 on Friday. Smith Douglas Homes has a 1 year low of $23.26 and a 1 year high of $32.82. The firm’s 50 day moving average is $29.07.

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.