Smith Douglas Homes (NYSE:SDHC) Sees Strong Trading Volume – What’s Next?

Shares of Smith Douglas Homes Corp. (NYSE:SDHC) saw unusually-strong trading volume on Friday . Approximately 122,479 shares were traded during mid-day trading, an increase of 118% from the previous session’s volume of 56,103 shares.The stock last traded at $19.0750 and had previously closed at $17.96.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SDHC. UBS Group reissued a “positive” rating on shares of Smith Douglas Homes in a research note on Monday, December 1st. Zacks Research raised Smith Douglas Homes from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of Smith Douglas Homes from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. BTIG Research began coverage on shares of Smith Douglas Homes in a research report on Monday, December 1st. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective on shares of Smith Douglas Homes in a report on Friday, November 21st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Smith Douglas Homes currently has a consensus rating of “Reduce” and a consensus target price of $16.60.

Smith Douglas Homes Stock Performance

The firm’s fifty day simple moving average is $19.10 and its 200 day simple moving average is $18.64. The stock has a market capitalization of $960.57 million, a price-to-earnings ratio of 14.90, a P/E/G ratio of 15.08 and a beta of 0.94.

Institutional Trading of Smith Douglas Homes

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Smith Douglas Homes in the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC bought a new stake in Smith Douglas Homes during the second quarter worth about $90,000. GSA Capital Partners LLP acquired a new position in Smith Douglas Homes during the third quarter valued at approximately $188,000. AlphaQuest LLC acquired a new position in shares of Smith Douglas Homes during the 3rd quarter worth approximately $195,000. Finally, Inspire Advisors LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter worth approximately $214,000.

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. was founded in 2008 and is headquartered in Woodstock, Georgia.