New Home (NWHM) to Release Earnings on Wednesday

New Home (NYSE:NWHM) is set to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect New Home to post earnings of $0.64 per share for the quarter.

Shares of New Home (NWHM) opened at $11.87 on Wednesday. New Home has a fifty-two week low of $9.75 and a fifty-two week high of $13.55. The firm has a market capitalization of $247.18, a P/E ratio of 12.08 and a beta of 1.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.26.

Several analysts have recently weighed in on the company. ValuEngine lowered New Home from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Zacks Investment Research raised New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd.

In other news, insider Joseph David Davis sold 2,907 shares of New Home stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $12.05, for a total transaction of $35,029.35. Following the sale, the insider now owns 35,126 shares of the company’s stock, valued at approximately $423,268.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lp Tcn/Tnhc sold 15,500 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $12.73, for a total value of $197,315.00. The disclosure for this sale can be found here. Insiders have sold a total of 444,697 shares of company stock worth $5,413,292 in the last three months. 24.20% of the stock is owned by insiders.

A hedge fund recently raised its stake in New Home stock. State Street Corp boosted its stake in New Home Company Inc (NYSE:NWHM) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,475 shares of the construction company’s stock after buying an additional 8,282 shares during the quarter. State Street Corp owned approximately 0.95% of New Home worth $2,276,000 at the end of the most recent quarter. 54.61% of the stock is currently owned by hedge funds and other institutional investors.

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About New Home

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.

Earnings History for New Home (NYSE:NWHM)

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