New Home (NWHM) Stock Rating Upgraded by ValuEngine

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

A number of other equities analysts have also recently weighed in on NWHM. Zacks Investment Research cut New Home from a hold rating to a sell rating in a research note on Friday, February 23rd. JMP Securities cut New Home from an outperform rating to a market perform rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase reaffirmed a neutral rating and set a $13.00 target price (up previously from $12.00) on shares of New Home in a research note on Tuesday, February 20th.

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Shares of NWHM opened at $11.30 on Friday. The stock has a market capitalization of $235.91, a P/E ratio of 11.19 and a beta of 1.61. New Home has a 1-year low of $9.75 and a 1-year high of $13.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.40 and a current ratio of 2.40.

New Home (NYSE:NWHM) last issued its quarterly 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. The firm had revenue of $324.10 million for the quarter, compared to analysts’ expectations of $295.04 million. New Home had a return on equity of 8.39% and a net margin of 2.28%. New Home’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. equities analysts forecast that New Home will post 1.03 EPS for the current year.

In other New Home news, insider Joseph David Davis sold 2,907 shares of New Home stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $12.05, for a total transaction of $35,029.35. Following the transaction, the insider now owns 35,126 shares of the company’s stock, valued at approximately $423,268.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lp Tcn/Tnhc sold 15,500 shares of New Home stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $12.73, for a total value of $197,315.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,893 shares of company stock worth $1,123,001. Company insiders own 24.20% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Cortina Asset Management LLC bought a new stake in shares of New Home in the 4th quarter valued at approximately $2,416,000. Algert Global LLC bought a new stake in shares of New Home in the 3rd quarter valued at approximately $1,418,000. Dimensional Fund Advisors LP grew its stake in shares of New Home by 24.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 313,797 shares of the construction company’s stock valued at $3,502,000 after buying an additional 62,643 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of New Home by 47.5% in the 4th quarter. Renaissance Technologies LLC now owns 172,300 shares of the construction company’s stock valued at $2,159,000 after buying an additional 55,500 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of New Home by 41.7% in the 4th quarter. Deutsche Bank AG now owns 182,252 shares of the construction company’s stock valued at $2,283,000 after buying an additional 53,655 shares in the last quarter. 56.50% 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.

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

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