New Home (NWHM) Issues Earnings Results

New Home (NYSE:NWHM) posted its quarterly earnings data on Wednesday. The construction company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01, Bloomberg Earnings reports. New Home had a return on equity of 9.52% and a net margin of 2.73%. The firm had revenue of $324.10 million for the quarter, compared to analyst estimates of $295.04 million. During the same quarter last year, the company earned $0.76 EPS. The company’s revenue was up .5% on a year-over-year basis.

New Home (NYSE:NWHM) traded up $0.12 during trading on Wednesday, reaching $12.01. The company’s stock had a trading volume of 19,728 shares, compared to its average volume of 103,549. The company has a market cap of $248.23, a price-to-earnings ratio of 11.49 and a beta of 1.69. New Home has a 12-month low of $9.75 and a 12-month high of $13.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16.

In other New Home news, insider Joseph David Davis sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $12.78, for a total value of $383,400.00. Following the sale, the insider now owns 35,126 shares of the company’s stock, valued at approximately $448,910.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lp Tcn/Tnhc sold 71,384 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $11.37, for a total value of $811,636.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 419,514 shares of company stock worth $5,126,709. Company insiders own 24.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new stake in shares of New Home during the 3rd quarter valued at $121,000. Tower Research Capital LLC TRC boosted its holdings in shares of New Home by 602.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,350 shares of the construction company’s stock valued at $142,000 after acquiring an additional 9,735 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of New Home by 1,390.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,786 shares of the construction company’s stock valued at $148,000 after acquiring an additional 10,995 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of New Home by 9.5% during the 2nd 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 in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of New Home during the 3rd quarter valued at $163,000. 54.19% of the stock is currently owned by institutional investors.

A number of research firms have commented on NWHM. ValuEngine lowered New Home from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded New Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

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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.

Earnings History for New Home (NYSE:NWHM)

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