New Home (NYSE:NWHM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Zacks Investment Research upgraded shares of New Home from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th.

Shares of New Home (NYSE:NWHM) traded up $1.30 during mid-day trading on Friday, hitting $12.83. 340,076 shares of the company were exchanged, compared to its average volume of 89,090. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $267.85, a P/E ratio of 10.30 and a beta of 1.90. New Home has a 12-month low of $9.75 and a 12-month high of $13.05.

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

In related news, insider Joseph David Davis sold 3,800 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $11.56, for a total value of $43,928.00. Following the completion of the sale, the insider now directly owns 35,126 shares of the company’s stock, valued at $406,056.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lp Tcn/Tnhc sold 15,853 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $11.11, for a total transaction of $176,126.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,647 shares of company stock valued at $2,404,612. Insiders own 24.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its position in New Home 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 last quarter. Brandywine Global Investment Management LLC lifted its position in New Home 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 last quarter. Rhumbline Advisers lifted its position in New Home 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 last quarter. Northern Trust Corp lifted its position in New Home by 3.3% in the second quarter. Northern Trust Corp now owns 144,687 shares of the construction company’s stock valued at $1,660,000 after acquiring an additional 4,603 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in New Home by 28.6% in the second quarter. Teachers Advisors LLC now owns 25,781 shares of the construction company’s stock valued at $296,000 after acquiring an additional 5,737 shares during the last quarter. 55.73% of the stock is owned by hedge funds and other 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.

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