Azzad Asset Management Inc. ADV Makes New $331,000 Investment in Smith Douglas Homes Corp. (NYSE:SDHC)

Azzad Asset Management Inc. ADV acquired a new stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,158 shares of the company’s stock, valued at approximately $331,000.

Wall Street Analyst Weigh In

SDHC has been the subject of several analyst reports. Wedbush restated a “neutral” rating and issued a $20.00 target price (down previously from $21.00) on shares of Smith Douglas Homes in a report on Tuesday, May 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, March 21st. Finally, Wells Fargo & Company upped their target price on Smith Douglas Homes from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.10.

Smith Douglas Homes Trading Up 0.5 %

Shares of NYSE SDHC traded up $0.10 during mid-day trading on Wednesday, reaching $21.59. The company had a trading volume of 22,697 shares, compared to its average volume of 148,498. Smith Douglas Homes Corp. has a 52 week low of $21.05 and a 52 week high of $32.82. The stock’s 50-day moving average price is $26.24.

Smith Douglas Homes (NYSE:SDHC) last issued its earnings results on Tuesday, May 14th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $189.21 million during the quarter, compared to the consensus estimate of $187.43 million. As a group, sell-side analysts forecast that Smith Douglas Homes Corp. will post 1.69 earnings per share for the current year.

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.