Zacks Investment Research upgraded shares of New Home Company Inc. (The) (NYSE:NWHM) from a strong sell rating to a hold rating in a research report report published on Thursday morning.
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. “
Shares of New Home Company Inc. (NYSE NWHM) opened at $10.91 on Thursday. The company has a market capitalization of $227.77, a price-to-earnings ratio of 9.74 and a beta of 1.90. New Home Company Inc. has a 52 week low of $9.45 and a 52 week high of $12.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.25 and a current ratio of 1.16.
New Home Company Inc. (The) (NYSE:NWHM) last released its earnings results on Friday, October 27th. The construction company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The company had revenue of $157.93 million for the quarter, compared to analysts’ expectations of $143.66 million. New Home Company Inc. (The) had a return on equity of 9.52% and a net margin of 2.73%. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. research analysts predict that New Home Company Inc. will post 0.96 earnings per share for the current fiscal year.
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In related news, insider Joseph David Davis sold 3,800 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $11.56, for a total value of $43,928.00. Following the sale, the insider now directly owns 35,126 shares in the company, valued at approximately $406,056.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lp Tcn/Tnhc sold 15,853 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $11.11, for a total value of $176,126.83. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock worth $622,896 over the last quarter. Company insiders own 24.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in New Home Company Inc. (The) by 25.7% in the 1st quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock valued at $112,000 after acquiring an additional 2,178 shares during the period. First Trust Advisors LP bought a new stake in New Home Company Inc. (The) in the 3rd quarter valued at about $121,000. Brandywine Global Investment Management LLC raised its stake in New Home Company Inc. (The) by 10.3% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,054 shares during the period. Rhumbline Advisers raised its stake in New Home Company Inc. (The) by 9.5% in the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after acquiring an additional 1,150 shares during the period. Finally, Bank of Montreal Can bought a new stake in New Home Company Inc. (The) in the 2nd quarter valued at about $160,000. Institutional investors and hedge funds own 57.38% of the company’s stock.
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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