Somewhat Favorable News Coverage Somewhat Unlikely to Impact New Home (NWHM) Stock Price

Headlines about New Home (NYSE:NWHM) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Home earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.7399263952319 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern’s analysis:

NWHM has been the subject of several research reports. JMP Securities cut shares of New Home from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 15th. JPMorgan Chase reiterated a “neutral” rating and issued a $13.00 target price (up previously from $12.00) on shares of New Home in a research note on Tuesday, February 20th. ValuEngine upgraded shares of New Home from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research cut shares of New Home from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd.

Shares of NYSE NWHM traded up $0.05 during mid-day trading on Thursday, hitting $11.18. The company had a trading volume of 64,477 shares, compared to its average volume of 101,127. New Home has a 12 month low of $9.75 and a 12 month 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. The stock has a market cap of $222.34, a PE ratio of 11.53 and a beta of 1.62.

New Home (NYSE:NWHM) last posted its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $295.04 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. research analysts forecast that New Home will post 1.03 earnings per share for the current fiscal year.

In related news, insider Joseph David Davis sold 2,907 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $12.05, for a total value of $35,029.35. Following the completion of the transaction, the insider now owns 35,126 shares of the company’s stock, valued at $423,268.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lp Tcn/Tnhc sold 15,500 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $12.73, for a total transaction of $197,315.00. The disclosure for this sale can be found here. Insiders sold 88,893 shares of company stock valued at $1,123,001 in the last three months. Company insiders own 24.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for New Home (NYSE:NWHM)

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