New Home (NWHM) Raised to Sell at ValuEngine

ValuEngine upgraded shares of New Home (NYSE:NWHM) from a strong sell rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, TheStreet cut shares of New Home from a c rating to a d rating in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The stock has a consensus rating of Sell.

NYSE NWHM opened at $4.73 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.61. The stock has a market cap of $94.83 million, a PE ratio of 12.45 and a beta of 1.82. New Home has a 52-week low of $4.34 and a 52-week high of $10.61.

New Home (NYSE:NWHM) last posted its earnings results on Friday, February 15th. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). The company had revenue of $229.67 million for the quarter. New Home had a positive return on equity of 2.96% and a negative net margin of 2.13%.

In other New Home news, CIO Thomas Redwitz sold 5,300 shares of New Home stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $6.02, for a total value of $31,906.00. Following the completion of the sale, the executive now owns 103,199 shares in the company, valued at approximately $621,257.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul C. Heeschen acquired 7,500 shares of the company’s stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $4.74 per share, with a total value of $35,550.00. Following the purchase, the director now directly owns 42,783 shares in the company, valued at $202,791.42. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,700 shares of company stock valued at $75,388 and sold 49,598 shares valued at $272,913. 23.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in New Home by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 119,932 shares of the construction company’s stock valued at $627,000 after buying an additional 5,598 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of New Home by 16.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 910,322 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 126,293 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of New Home during the 4th quarter worth $307,000. Bank of America Corp DE lifted its stake in shares of New Home by 86.2% during the 4th quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock worth $93,000 after purchasing an additional 8,294 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of New Home by 1.2% during the 4th quarter. Northern Trust Corp now owns 150,239 shares of the construction company’s stock worth $786,000 after purchasing an additional 1,832 shares during the period. Institutional investors and hedge funds own 59.06% of the company’s stock.

New Home Company Profile

The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

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