New Home Company Inc (NYSE:NWHM) insider Lp Tcn/Tnhc sold 7,803 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $11.03, for a total value of $86,067.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NWHM stock traded up $0.07 on Friday, hitting $10.67. The company had a trading volume of 6,954 shares, compared to its average volume of 94,160. The stock has a market cap of $228.18, a PE ratio of 10.82 and a beta of 1.62. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.21. New Home Company Inc has a twelve month low of $9.75 and a twelve month high of $13.55.
New Home (NYSE:NWHM) last issued its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $324.10 million during 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%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. sell-side analysts anticipate that New Home Company Inc will post 1.03 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of NWHM. Millennium Management LLC raised its holdings in New Home by 354.8% in the 4th quarter. Millennium Management LLC now owns 59,868 shares of the construction company’s stock worth $750,000 after purchasing an additional 46,703 shares during the period. Two Sigma Investments LP raised its holdings in New Home by 82.4% in the 4th quarter. Two Sigma Investments LP now owns 41,943 shares of the construction company’s stock worth $526,000 after purchasing an additional 18,948 shares during the period. Stone Ridge Asset Management LLC acquired a new position in New Home in the 4th quarter worth about $143,000. Deutsche Bank AG raised its holdings in New Home by 41.7% in the 4th quarter. Deutsche Bank AG now owns 182,252 shares of the construction company’s stock worth $2,283,000 after purchasing an additional 53,655 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of New Home by 47.5% during the fourth quarter. Renaissance Technologies LLC now owns 172,300 shares of the construction company’s stock valued at $2,159,000 after acquiring an additional 55,500 shares during the last quarter. 56.50% of the stock is owned by institutional investors and hedge funds.
NWHM has been the subject of several analyst reports. JMP Securities cut New Home from an “outperform” rating to a “market perform” rating in a report on Thursday, February 15th. JPMorgan Chase reissued a “neutral” rating and issued a $13.00 price objective (up previously from $12.00) on shares of New Home in a report on Tuesday, February 20th. ValuEngine raised New Home from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, Zacks Investment Research cut New Home from a “hold” rating to a “sell” rating in a report on Friday, February 23rd.
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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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