Wedbush Sticks to Its Hold Rating for Smith Douglas Homes Corp. Class A (SDHC)

Wedbush analyst Jay McCanless maintained a Hold rating on Smith Douglas Homes Corp. Class A (SDHC – Research Report) today and set a price target of $23.00. The company’s shares closed yesterday at $30.48.

According to TipRanks, McCanless is a 5-star analyst with an average return of 22.7% and a 72.64% success rate. McCanless covers the Consumer Cyclical sector, focusing on stocks such as Beazer Homes, Cavco Industries, and KB Home.

Smith Douglas Homes Corp. Class A has an analyst consensus of Hold, with a price target consensus of $26.70, implying a -12.40% downside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $25.00 price target.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $32.82 and a one-year low of $23.26. Currently, Smith Douglas Homes Corp. Class A has an average volume of 258.8K.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SDHC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Smith Douglas Homes Corp. Class A (SDHC) Company Description:

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