JMP Securities downgraded shares of New Home (NYSE:NWHM) from an outperform rating to a market perform rating in a research report released on Thursday, Marketbeat Ratings reports.
NWHM has been the topic of several other reports. ValuEngine lowered shares of New Home from a buy rating to a hold rating in a report on Monday, November 6th. Zacks Investment Research upgraded shares of New Home from a strong sell rating to a hold rating in a report on Thursday, November 2nd.
New Home (NWHM) opened at $11.68 on Thursday. New Home has a twelve month low of $9.75 and a twelve month high of $13.55. The firm has a market cap of $243.84, a P/E ratio of 11.56 and a beta of 1.69. The company has a quick ratio of 1.16, a current ratio of 2.40 and a debt-to-equity ratio of 1.21.
In other New Home news, insider Joseph David Davis sold 2,907 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $12.05, for a total value of $35,029.35. Following the sale, the insider now directly owns 35,126 shares in the company, valued at $423,268.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lp Tcn/Tnhc sold 18,599 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $11.73, for a total transaction of $218,166.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,130 shares of company stock worth $4,315,073. Company insiders own 24.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of NWHM. First Trust Advisors LP acquired a new stake in New Home in the third quarter worth $121,000. Tower Research Capital LLC TRC raised its holdings in New Home by 602.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,350 shares of the construction company’s stock worth $142,000 after purchasing an additional 9,735 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in New Home in the fourth quarter worth $143,000. The Manufacturers Life Insurance Company raised its holdings in New Home by 1,390.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,786 shares of the construction company’s stock worth $148,000 after purchasing an additional 10,995 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in New Home in the third quarter worth $163,000. Institutional investors own 54.19% of the company’s stock.
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About New Home
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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