Smith Douglas Homes’ (NYSE:SDHC – Get Free Report) quiet period will end on Tuesday, February 20th. Smith Douglas Homes had issued 7,692,308 shares in its IPO on January 11th. The total size of the offering was $161,538,468 based on an initial share price of $21.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Wolfe Research assumed coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued a “peer perform” rating on the stock. Royal Bank of Canada assumed coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company assumed coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued an “equal weight” rating and a $25.00 price target on the stock. Bank of America began coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, Wedbush began coverage on Smith Douglas Homes in a report on Monday, February 5th. They issued a “neutral” rating and a $23.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.70.
Smith Douglas Homes Price Performance
Insider Activity at Smith Douglas Homes
In other Smith Douglas Homes news, insider Brett Allen Steele purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was bought at an average cost of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at approximately $105,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Smith Douglas Homes Company Profile
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.
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