Zacks Investment Research Upgrades New Home Company Inc. (The) (NYSE:NWHM) to Hold

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.

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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.

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