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.
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