Smith Douglas Homes Corp. (NYSE:SDHC) Director Jeffrey T. Jackson Acquires 8,605 Shares of Stock

Smith Douglas Homes Corp. (NYSE:SDHC) Director Jeffrey T. Jackson purchased 8,605 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $29.77 per share, with a total value of $256,170.85. Following the completion of the acquisition, the director now directly owns 15,748 shares in the company, valued at $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock traded up $0.90 during trading hours on Friday, reaching $32.42. 9,234 shares of the company’s stock traded hands, compared to its average volume of 133,186. Smith Douglas Homes Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $39.50. The firm’s 50 day moving average is $35.18 and its 200-day moving average is $31.03.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SDHC. Wells Fargo & Company lifted their target price on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Bank of America lifted their price target on Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, Wedbush restated a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Smith Douglas Homes presently has an average rating of “Hold” and a consensus price target of $31.50.

Hedge Funds Weigh In On Smith Douglas Homes

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at $344,000. M&T Bank Corp acquired a new stake in shares of Smith Douglas Homes during the third quarter worth $436,000. XTX Topco Ltd bought a new stake in Smith Douglas Homes in the third quarter valued at about $246,000. Jane Street Group LLC bought a new position in Smith Douglas Homes during the third quarter worth about $530,000. Finally, Stifel Financial Corp grew its position in shares of Smith Douglas Homes by 39.0% during the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company’s stock worth $985,000 after buying an additional 7,310 shares during the period.

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.