New Home Company Inc. (The) (NYSE:NWHM) insider Joseph David Davis sold 6,200 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $11.55, for a total value of $71,610.00. Following the completion of the sale, the insider now directly owns 35,126 shares of the company’s stock, valued at $405,705.30. The sale was disclosed in a filing with the SEC, which is available at this link.

Joseph David Davis also recently made the following trade(s):

  • On Monday, October 9th, Joseph David Davis sold 200 shares of New Home Company Inc. (The) stock. The stock was sold at an average price of $11.55, for a total value of $2,310.00.
  • On Wednesday, October 4th, Joseph David Davis sold 2,052 shares of New Home Company Inc. (The) stock. The stock was sold at an average price of $11.55, for a total value of $23,700.60.
  • On Friday, October 6th, Joseph David Davis sold 3,304 shares of New Home Company Inc. (The) stock. The stock was sold at an average price of $11.55, for a total value of $38,161.20.

Shares of New Home Company Inc. (NWHM) traded down 0.78% during midday trading on Wednesday, reaching $11.41. The company had a trading volume of 58,856 shares. The firm has a market cap of $238.18 million, a P/E ratio of 11.01 and a beta of 1.90. New Home Company Inc. has a 52-week low of $9.45 and a 52-week high of $12.55. The company’s 50-day moving average is $10.61 and its 200-day moving average is $10.98.

New Home Company Inc. (The) (NYSE:NWHM) last posted its earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $115.37 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up 32.3% on a year-over-year basis. Equities research analysts expect that New Home Company Inc. will post $0.94 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/11/new-home-company-inc-the-nwhm-insider-sells-71610-00-in-stock.html.

A number of large investors have recently bought and sold shares of NWHM. Nationwide Fund Advisors grew its stake in New Home Company Inc. (The) by 25.7% in the first quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock valued at $112,000 after acquiring an additional 2,178 shares during the period. Brandywine Global Investment Management LLC grew its stake in New Home Company Inc. (The) by 10.3% in the second quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,054 shares during the period. Rhumbline Advisers grew its stake in New Home Company Inc. (The) by 9.5% in the second quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after acquiring an additional 1,150 shares during the period. Bank of Montreal Can acquired a new position in New Home Company Inc. (The) in the second quarter valued at about $160,000. Finally, Schwab Charles Investment Management Inc. grew its stake in New Home Company Inc. (The) by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 16,549 shares of the construction company’s stock valued at $190,000 after acquiring an additional 500 shares during the period. 57.23% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded New Home Company Inc. (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

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.

Receive News & Ratings for New Home Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Home Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.