New Home (NWHM) Rating Lowered to Sell at Zacks Investment Research

New Home (NYSE:NWHM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

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. “

Other equities research analysts have also issued reports about the stock. ValuEngine raised shares of New Home from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $13.00 target price (up from $12.00) on shares of New Home in a report on Tuesday. Finally, JMP Securities lowered shares of New Home from an “outperform” rating to a “market perform” rating in a report on Thursday, February 15th.

New Home (NYSE NWHM) opened at $11.56 on Friday. The stock has a market cap of $239.67, a P/E ratio of 14.10 and a beta of 1.69. New Home has a 12-month low of $9.75 and a 12-month high of $13.55. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.21.

New Home (NYSE:NWHM) last posted its earnings results on Wednesday, February 14th. The construction company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. New Home had a net margin of 2.28% and a return on equity of 8.39%. The firm had revenue of $324.10 million for the quarter, compared to analyst estimates of $295.04 million. During the same period in the previous year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. analysts anticipate that New Home will post 1.18 earnings per share for the current year.

In other news, insider Lp Tcn/Tnhc sold 70,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $12.64, for a total value of $884,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph David Davis sold 2,907 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $12.05, for a total transaction of $35,029.35. Following the completion of the sale, the insider now directly owns 35,126 shares in the company, valued at $423,268.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 348,130 shares of company stock worth $4,315,073. Insiders own 24.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. First Trust Advisors LP bought a new stake in shares of New Home in the 3rd quarter valued at $121,000. Tower Research Capital LLC TRC boosted its stake in New Home by 602.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,350 shares of the construction company’s stock worth $142,000 after acquiring an additional 9,735 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in New Home during the fourth quarter worth $143,000. The Manufacturers Life Insurance Company boosted its stake in New Home by 1,390.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,786 shares of the construction company’s stock worth $148,000 after acquiring an additional 10,995 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in New Home during the third quarter worth $163,000. 56.59% of the stock is currently owned by institutional investors.

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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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