Brokerages Set Smith Douglas Homes Corp. (NYSE:SDHC) Target Price at $27.70

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.70.

A number of equities research analysts have recently weighed in on SDHC shares. JPMorgan Chase & Co. started coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They issued an “overweight” rating and a $31.50 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Smith Douglas Homes from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, March 21st. Bank of America assumed coverage on shares of Smith Douglas Homes in a research report on Monday, February 5th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, Wedbush reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Smith Douglas Homes in a research report on Wednesday, March 20th.

Insiders Place Their Bets

In other Smith Douglas Homes news, insider Brett Allen Steele acquired 5,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were bought at an average cost of $21.00 per share, with a total value of $105,000.00. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $105,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Smith Douglas Homes Trading Down 3.5 %

Shares of SDHC opened at $29.70 on Tuesday. Smith Douglas Homes has a twelve month low of $23.26 and a twelve month high of $32.82. The firm has a fifty day moving average price of $28.44.

About Smith Douglas Homes

Smith Douglas Homes Corp. engages in the design, construction, and sale of single-family homes in the southeastern United States. The company operates in metropolitan Atlanta, Birmingham, Charlotte, Huntsville, Nashville, Raleigh-Durham, and Houston. It also provides closing, escrow, and title insurance services.