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

Smith Douglas Homes Corp. (NYSE:SDHC) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.70.

A number of research firms have commented on SDHC. Royal Bank of Canada restated 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. Wedbush restated a “neutral” rating and issued a $23.00 price target on shares of Smith Douglas Homes in a research report on Wednesday, March 20th. JPMorgan Chase & Co. started coverage on Smith Douglas Homes in a research report on Monday, February 5th. They set an “overweight” rating and a $31.50 price objective for the company. Wolfe Research assumed coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company increased their price target on Smith Douglas Homes from $25.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, March 22nd.

Smith Douglas Homes Stock Performance

Shares of SDHC opened at $26.00 on Friday. The business’s 50 day simple moving average is $29.09. Smith Douglas Homes has a 12-month low of $23.26 and a 12-month high of $32.82.

Institutional Trading of Smith Douglas Homes

An institutional investor recently bought a new position in Smith Douglas Homes stock. Norden Group LLC bought a new stake in Smith Douglas Homes Corp. (NYSE:SDHC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 78,484 shares of the company’s stock, valued at approximately $2,331,000. Norden Group LLC owned 0.89% of Smith Douglas Homes as of its most recent filing with the Securities & Exchange Commission.

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.