Smith Douglas Homes Corp. (NYSE:SDHC) Receives Average Rating of “Hold” from Brokerages

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

A number of research firms recently commented on SDHC. Wolfe Research began coverage on shares of Smith Douglas Homes in a research note on Monday, February 5th. They issued a “peer perform” rating for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, March 21st. JPMorgan Chase & Co. began coverage on shares of Smith Douglas Homes in a research note on Monday, February 5th. They issued an “overweight” rating and a $31.50 price objective for the company. Bank of America assumed coverage on shares of Smith Douglas Homes in a research note on Monday, February 5th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on shares of Smith Douglas Homes from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors have recently modified their holdings of the stock. SYSTM Wealth Solutions LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $76,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $331,000. Peregrine Capital Management LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $867,000. Seven Grand Managers LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $1,485,000. Finally, Norden Group LLC acquired a new stake in shares of Smith Douglas Homes in the 1st quarter valued at $2,331,000.

Smith Douglas Homes Trading Up 5.4 %

Smith Douglas Homes stock opened at $27.23 on Friday. The business has a 50 day simple moving average of $29.02. Smith Douglas Homes has a 1 year low of $23.26 and a 1 year high of $32.82.

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.