11,158 Shares in Smith Douglas Homes Corp. (NYSE:SDHC) Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV purchased a new stake in shares of Smith Douglas Homes Corp. (NYSE:SDHC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,158 shares of the company’s stock, valued at approximately $331,000. Azzad Asset Management Inc. ADV owned about 0.13% of Smith Douglas Homes at the end of the most recent reporting period.

Smith Douglas Homes Price Performance

NYSE:SDHC traded up $0.10 during mid-day trading on Wednesday, reaching $21.59. 22,697 shares of the company’s stock traded hands, compared to its average volume of 148,498. Smith Douglas Homes Corp. has a 12-month low of $21.05 and a 12-month high of $32.82. The firm’s 50 day moving average is $26.24.

Smith Douglas Homes (NYSE:SDHC) last posted its earnings results on Tuesday, May 14th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $189.21 million for the quarter, compared to analysts’ expectations of $187.43 million. Analysts expect that Smith Douglas Homes Corp. will post 1.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $20.00 target price (down previously from $21.00) on shares of Smith Douglas Homes in a research note on Tuesday, May 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research report on Thursday, March 21st. Finally, Wells Fargo & Company increased their price objective 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Smith Douglas Homes has a consensus rating of “Hold” and a consensus price target 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.