Stifel Financial Corp Buys 7,310 Shares of Smith Douglas Homes Corp. (NYSE:SDHC)

Stifel Financial Corp boosted its position in Smith Douglas Homes Corp. (NYSE:SDHC) by 39.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,074 shares of the company’s stock after purchasing an additional 7,310 shares during the period. Stifel Financial Corp’s holdings in Smith Douglas Homes were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Smith Douglas Homes in the third quarter valued at $34,000. Quantbot Technologies LP raised its stake in Smith Douglas Homes by 287.0% in the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after acquiring an additional 2,738 shares during the period. Atria Investments Inc purchased a new stake in Smith Douglas Homes during the third quarter valued at about $204,000. Portside Wealth Group LLC bought a new position in Smith Douglas Homes during the third quarter worth about $283,000. Finally, Victory Capital Management Inc. bought a new position in Smith Douglas Homes during the third quarter worth about $349,000.

Smith Douglas Homes Stock Performance

Smith Douglas Homes stock opened at $27.09 on Tuesday. 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 fifty day moving average price is $33.08 and its 200-day moving average price is $31.83.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SDHC. JPMorgan Chase & Co. dropped their price target on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Bank of America increased their target price on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Wells Fargo & Company lifted their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Wedbush reissued a “neutral” rating and set a $20.00 price objective on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.20.

Insider Buying and Selling at Smith Douglas Homes

In related news, Director Jeffrey T. Jackson acquired 8,605 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the completion of the acquisition, the director now owns 15,748 shares in the company, valued at approximately $468,817.96. This represents a 120.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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.