Smith Douglas Homes (NYSE:SDHC) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their neutral rating on shares of Smith Douglas Homes (NYSE:SDHCFree Report) in a report published on Wednesday morning, Benzinga reports. Wedbush currently has a $23.00 price objective on the stock. Wedbush also issued estimates for Smith Douglas Homes’ Q1 2024 earnings at $0.29 EPS, Q2 2024 earnings at $0.36 EPS, Q3 2024 earnings at $0.56 EPS, Q4 2024 earnings at $0.68 EPS, FY2024 earnings at $1.89 EPS, Q1 2025 earnings at $0.36 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $2.16 EPS and FY2025 earnings at $2.28 EPS.

A number of other research analysts have also issued reports on SDHC. Bank of America initiated coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They issued a neutral rating and a $28.00 target price on the stock. Wells Fargo & Company started coverage on shares of Smith Douglas Homes in a research note on Monday, February 5th. They set an equal weight rating and a $25.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They issued an overweight rating and a $31.50 target price for the company. Royal Bank of Canada began coverage on shares of Smith Douglas Homes in a research note on Monday, February 5th. They set a sector perform rating and a $26.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Smith Douglas Homes in a report on Monday, February 5th. They issued a peer perform rating on the stock. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $27.70.

Read Our Latest Analysis on Smith Douglas Homes

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC opened at $30.75 on Wednesday. The company has a 50-day simple moving average of $27.93. Smith Douglas Homes has a 52 week low of $23.26 and a 52 week high of $32.82.

Insider Activity

In other news, insider Brett Allen Steele bought 5,000 shares of Smith Douglas Homes stock in a transaction dated Tuesday, January 16th. The shares were acquired at an average cost of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the insider now owns 5,000 shares in the company, valued at approximately $105,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

About Smith Douglas Homes

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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.

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