Smith Douglas Homes Corp. (NYSE:SDHC) Receives $27.70 Consensus Price Target from Analysts

Smith Douglas Homes Corp. (NYSE:SDHC) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $27.70.

Several brokerages recently weighed in on SDHC. Wedbush reiterated a “neutral” rating and issued a $23.00 price objective on shares of Smith Douglas Homes in a research report on Wednesday, March 20th. Wells Fargo & Company lifted their price target on 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 reissued a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a report on Thursday, March 21st. JPMorgan Chase & Co. began coverage on Smith Douglas Homes in a research note on Monday, February 5th. They set an “overweight” rating and a $31.50 target price on the stock. Finally, Wolfe Research began coverage on Smith Douglas Homes in a research note on Monday, February 5th. They issued a “peer perform” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smith Douglas Homes stock. Azzad Asset Management Inc. ADV purchased a new stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 11,158 shares of the company’s stock, valued at approximately $331,000. Azzad Asset Management Inc. ADV owned approximately 0.13% of Smith Douglas Homes as of its most recent filing with the SEC.

Smith Douglas Homes Trading Up 4.5 %

SDHC stock opened at $26.00 on Friday. Smith Douglas Homes has a 1 year low of $23.26 and a 1 year high of $32.82. The company has a fifty day moving average of $29.09.

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.