ValuEngine Lowers New Home Company Inc. (The) (NYSE:NWHM) to Hold

New Home Company Inc. (The) (NYSE:NWHM) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday, November 6th.

Separately, Zacks Investment Research upgraded shares of New Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Shares of New Home (NYSE NWHM) traded up $0.02 during mid-day trading on Monday, hitting $11.92. The company’s stock had a trading volume of 18,231 shares, compared to its average volume of 85,418. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. New Home has a 12 month low of $9.75 and a 12 month high of $12.55. The stock has a market capitalization of $248.85, a price-to-earnings ratio of 10.63 and a beta of 1.90.

New Home (NYSE:NWHM) last released its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The firm had revenue of $157.93 million for the quarter, compared to analyst estimates of $143.66 million. New Home had a return on equity of 9.52% and a net margin of 2.73%. The business’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. research analysts forecast that New Home will post 0.96 EPS for the current fiscal year.

In other New Home news, insider Joseph David Davis sold 3,304 shares of New Home stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $11.55, for a total value of $38,161.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lp Tcn/Tnhc sold 4,394 shares of New Home stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $11.35, for a total transaction of $49,871.90. The disclosure for this sale can be found here. Insiders have sold a total of 151,310 shares of company stock valued at $1,721,114 over the last 90 days. Insiders own 24.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors grew its stake in shares of New Home by 25.7% during the 1st quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock valued at $112,000 after buying an additional 2,178 shares during the period. First Trust Advisors LP purchased a new stake in shares of New Home during the 3rd quarter valued at $121,000. Brandywine Global Investment Management LLC grew its stake in shares of New Home by 10.3% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after buying an additional 1,054 shares during the period. Rhumbline Advisers boosted its position in New Home by 9.5% during the 2nd quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock worth $153,000 after purchasing an additional 1,150 shares during the period. Finally, Bank of Montreal Can purchased a new stake in New Home during the 2nd quarter worth $160,000. 56.99% of the stock is owned by institutional investors.

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New Home Company Profile

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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