Vanguard Group Inc. acquired a new stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 452,897 shares of the company’s stock, valued at approximately $13,451,000. Vanguard Group Inc. owned about 0.05% of Smith Douglas Homes at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of SDHC. SYSTM Wealth Solutions LLC purchased a new position in shares of Smith Douglas Homes in the first quarter valued at about $76,000. Azzad Asset Management Inc. ADV purchased a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $331,000. Daiwa Securities Group Inc. bought a new position in shares of Smith Douglas Homes during the first quarter valued at approximately $688,000. Peregrine Capital Management LLC purchased a new stake in Smith Douglas Homes in the first quarter worth $867,000. Finally, Sei Investments Co. bought a new stake in Smith Douglas Homes in the first quarter valued at $1,015,000.
Smith Douglas Homes Stock Performance
NYSE SDHC opened at $32.63 on Wednesday. The stock’s 50 day moving average is $26.38 and its 200 day moving average is $27.65. Smith Douglas Homes Corp. has a twelve month low of $20.55 and a twelve month high of $34.20.
Analysts Set New Price Targets
Separately, Wedbush restated a “neutral” rating and issued a $20.00 price objective (down from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th. 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 MarketBeat.com, Smith Douglas Homes has an average rating of “Hold” and a consensus target price of $27.10.
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.
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