New Home Company Inc. (The) (NYSE:NWHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “The New Home Company LLC is a homebuilder. The company focused on the design, construction and sale of innovative and consumer-driven homes primarily in the San Francisco Bay area and metro Sacramento. It operates primarily in two segments: homebuilding and fee building. The New Home Company LLC is based in Suite, United States. “
New Home Company Inc. (NYSE:NWHM) opened at 10.37 on Friday. The company has a market capitalization of $216.47 million, a P/E ratio of 10.01 and a beta of 1.87. New Home Company Inc. has a 52 week low of $9.45 and a 52 week high of $12.55. The firm has a 50-day moving average of $11.24 and a 200-day moving average of $10.98.
New Home Company Inc. (The) (NYSE:NWHM) last announced its earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. New Home Company Inc. (The) had a net margin of 2.82% and a return on equity of 10.25%. The firm had revenue of $144.10 million for the quarter, compared to the consensus estimate of $115.37 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts anticipate that New Home Company Inc. will post $0.94 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This article was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/12/zacks-investment-research-upgrades-new-home-company-inc-the-nysenwhm-to-hold.html.
A number of large investors have recently made changes to their positions in NWHM. Second Curve Capital LLC increased its stake in shares of New Home Company Inc. (The) by 1.2% in the first quarter. Second Curve Capital LLC now owns 1,716,059 shares of the construction company’s stock valued at $17,950,000 after buying an additional 19,800 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of New Home Company Inc. (The) during the first quarter valued at $488,000. Cidel Asset Management Inc. acquired a new stake in shares of New Home Company Inc. (The) during the first quarter valued at $134,000. Alambic Investment Management L.P. acquired a new stake in shares of New Home Company Inc. (The) during the first quarter valued at $117,000. Finally, TFS Capital LLC acquired a new stake in shares of New Home Company Inc. (The) during the first quarter valued at $672,000. 58.70% of the stock is currently owned by hedge funds and other institutional investors.
New Home Company Inc. (The) Company Profile
The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
What are top analysts saying about New Home Company Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for New Home Company Inc. (The) and related companies.