New Home Company Inc. (The) (NYSE:NWHM) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

New Home Company Inc. (The) (NYSE:NWHM) posted its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06, reports. New Home Company Inc. (The) had a return on equity of 9.52% and a net margin of 2.73%. The company had revenue of $157.93 million during the quarter, compared to the consensus estimate of $143.66 million. During the same period last year, the business earned $0.27 EPS. The business’s quarterly revenue was down 11.2% on a year-over-year basis.

Shares of New Home Company Inc. (NWHM) opened at $11.23 on Friday. New Home Company Inc. has a 52 week low of $9.75 and a 52 week high of $12.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $234.45, a price-to-earnings ratio of 10.03 and a beta of 1.90.

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NWHM has been the topic of several recent analyst reports. Zacks Investment Research raised New Home Company Inc. (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine downgraded New Home Company Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, November 6th.

In other New Home Company Inc. (The) news, insider Joseph David Davis sold 3,304 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $11.55, for a total value of $38,161.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lp Tcn/Tnhc sold 4,394 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $11.35, for a total value of $49,871.90. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock valued at $622,896 over the last ninety days. 24.20% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new stake in shares of New Home Company Inc. (The) in the 3rd quarter valued at $238,000. Russell Investments Group Ltd. lifted its stake in shares of New Home Company Inc. (The) by 368.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,976 shares of the construction company’s stock valued at $167,000 after acquiring an additional 11,776 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of New Home Company Inc. (The) by 13.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 101,740 shares of the construction company’s stock valued at $1,136,000 after acquiring an additional 11,948 shares during the last quarter. Prudential Financial Inc. bought a new position in New Home Company Inc. (The) during the 3rd quarter worth $163,000. Finally, First Trust Advisors LP bought a new position in New Home Company Inc. (The) during the 3rd quarter worth $121,000. 57.23% of the stock is currently owned by hedge funds and other institutional investors.

About New Home Company Inc. (The)

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.

Earnings History for New Home Company Inc. (The) (NYSE:NWHM)

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