Insider Selling: New Home Company Inc (NWHM) Insider Sells 17,444 Shares of Stock
New Home Company Inc (NYSE:NWHM) insider Lp Tcn/Tnhc sold 17,444 shares of New Home stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $11.46, for a total value of $199,908.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of New Home Company Inc (NWHM) traded down 0.61% during mid-day trading on Thursday, hitting $11.46. The stock had a trading volume of 26,367 shares. New Home Company Inc has a one year low of $9.45 and a one year high of $12.55. The company has a market cap of $239.23 million, a PE ratio of 11.06 and a beta of 1.90. The firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.95.
New Home (NYSE:NWHM) last released its earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. The firm had revenue of $144.10 million during the quarter, compared to analyst estimates of $115.37 million. New Home had a net margin of 1.05% and a return on equity of 2.47%. The business’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. On average, equities research analysts anticipate that New Home Company Inc will post $0.94 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered New Home from a “hold” rating to a “sell” rating in a research report on Saturday, September 16th.
A number of institutional investors have recently added to or reduced their stakes in NWHM. Nationwide Fund Advisors lifted its position in New Home by 25.7% during the 1st quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,178 shares during the last quarter. Bank of New York Mellon Corp lifted its position in New Home by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 92,490 shares of the construction company’s stock worth $966,000 after acquiring an additional 7,921 shares during the last quarter. Spark Investment Management LLC acquired a new position in New Home during the 1st quarter worth $488,000. FMR LLC lifted its position in New Home by 39.6% during the 1st quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock worth $10,694,000 after acquiring an additional 290,000 shares during the last quarter. Finally, Royce & Associates LP lifted its position in New Home by 17.9% during the 1st quarter. Royce & Associates LP now owns 527,758 shares of the construction company’s stock worth $5,520,000 after acquiring an additional 80,213 shares during the last quarter. 57.23% of the stock is owned by hedge funds and other institutional investors.
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.
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