New Home (NWHM) Raised to Buy at ValuEngine

ValuEngine upgraded shares of New Home (NYSE:NWHM) from a hold rating to a buy rating in a research report released on Friday.

Separately, Zacks Investment Research upgraded shares of New Home from a strong sell rating to a hold rating in a research report on Thursday, November 2nd.

New Home (NWHM) traded up $0.11 during trading hours on Friday, reaching $12.94. 192,600 shares of the company were exchanged, compared to its average volume of 76,796. New Home has a 1 year low of $9.75 and a 1 year high of $13.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. The stock has a market cap of $270.14, a price-to-earnings ratio of 11.45 and a beta of 1.87.

New Home (NYSE:NWHM) last posted its quarterly earnings data on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $157.93 million for the quarter, compared to analyst estimates of $143.66 million. New Home had a net margin of 2.73% and a return on equity of 9.52%. New Home’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. equities research analysts anticipate that New Home will post 0.96 earnings per share for the current year.

In other New Home news, insider Joseph David Davis sold 3,304 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $11.55, for a total transaction of $38,161.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lp Tcn/Tnhc sold 17,444 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $11.46, for a total transaction of $199,908.24. The disclosure for this sale can be found here. Insiders have sold a total of 209,647 shares of company stock worth $2,404,612 over the last 90 days. Insiders own 24.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Second Curve Capital LLC raised its stake in shares of New Home by 6.3% during the 3rd quarter. Second Curve Capital LLC now owns 1,994,059 shares of the construction company’s stock worth $22,254,000 after buying an additional 118,000 shares during the last quarter. FMR LLC raised its stake in shares of New Home by 5.7% during the 2nd quarter. FMR LLC now owns 1,080,679 shares of the construction company’s stock worth $12,395,000 after buying an additional 58,325 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in shares of New Home by 3.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 743,552 shares of the construction company’s stock worth $8,529,000 after buying an additional 23,326 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of New Home during the 2nd quarter worth $6,825,000. Finally, Royce & Associates LP raised its stake in shares of New Home by 4.6% during the 3rd quarter. Royce & Associates LP now owns 577,398 shares of the construction company’s stock worth $6,444,000 after buying an additional 25,640 shares during the last quarter. 55.73% of the stock is owned by institutional investors and hedge funds.

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New Home 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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