New Home Company Inc. (The) (NYSE:NWHM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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. “

New Home Company Inc. (NYSE:NWHM) opened at 10.00 on Friday. The firm has a market capitalization of $208.75 million, a P/E ratio of 45.45 and a beta of 1.88. New Home Company Inc. has a 52 week low of $9.45 and a 52 week high of $12.55. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $10.93.

New Home Company Inc. (The) (NYSE:NWHM) last posted its quarterly earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. New Home Company Inc. (The) had a return on equity of 10.25% and a net margin of 2.82%. The firm had revenue of $144.10 million for the quarter, compared to the consensus estimate of $115.37 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities analysts expect that New Home Company Inc. will post $0.94 EPS for the current year.

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Several institutional investors have recently bought and sold shares of NWHM. Kennedy Capital Management Inc. boosted its stake in shares of New Home Company Inc. (The) by 755.7% in the first quarter. Kennedy Capital Management Inc. now owns 720,226 shares of the construction company’s stock valued at $7,534,000 after buying an additional 636,062 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of New Home Company Inc. (The) in the second quarter valued at approximately $6,825,000. FMR LLC boosted its stake in shares of New Home Company Inc. (The) by 39.6% in the first quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock valued at $10,694,000 after buying an additional 290,000 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of New Home Company Inc. (The) in the second quarter valued at approximately $1,376,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of New Home Company Inc. (The) by 50.9% in the second quarter. Dimensional Fund Advisors LP now owns 251,154 shares of the construction company’s stock valued at $2,881,000 after buying an additional 84,754 shares in the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.

About New Home Company Inc. (The)

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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