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

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

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

Insiders Place Their Bets

In related news, insider Brett Allen Steele purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were bought at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $105,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Smith Douglas Homes Price Performance

Shares of SDHC opened at $29.70 on Tuesday. The company has a 50 day simple moving average of $28.44. Smith Douglas Homes has a 52-week low of $23.26 and a 52-week high of $32.82.

Smith Douglas Homes Company Profile

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.