XTX Topco Ltd Acquires Shares of 6,502 Smith Douglas Homes Corp. (NYSE:SDHC)

XTX Topco Ltd bought a new position in shares of Smith Douglas Homes Corp. (NYSE:SDHC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,502 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Smith Douglas Homes in the 3rd quarter valued at about $34,000. RiverPark Advisors LLC bought a new stake in Smith Douglas Homes in the second quarter valued at approximately $120,000. Quantbot Technologies LP raised its holdings in Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after purchasing an additional 2,738 shares during the period. Atria Investments Inc bought a new position in shares of Smith Douglas Homes during the third quarter worth $204,000. Finally, Portside Wealth Group LLC acquired a new position in shares of Smith Douglas Homes in the 3rd quarter valued at $283,000.

Insider Activity

In related news, Director Jeffrey T. Jackson acquired 8,605 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $29.77 per share, for a total transaction of $256,170.85. Following the acquisition, the director now directly owns 15,748 shares of the company’s stock, valued at approximately $468,817.96. The trade was a 120.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Smith Douglas Homes Price Performance

Shares of Smith Douglas Homes stock opened at $31.01 on Thursday. Smith Douglas Homes Corp. has a 52-week low of $20.55 and a 52-week high of $39.50. The business’s 50 day simple moving average is $33.63 and its 200 day simple moving average is $31.74.

Analysts Set New Price Targets

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

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.