New Home (NYSE:NWHM) Downgraded by ValuEngine to “Strong Sell”

ValuEngine lowered shares of New Home (NYSE:NWHM) from a sell rating to a strong sell rating in a report published on Monday, February 4th.

NWHM stock traded down $0.05 during midday trading on Monday, hitting $5.43. The company’s stock had a trading volume of 50,143 shares, compared to its average volume of 61,892. The firm has a market capitalization of $108.11 million, a P/E ratio of 15.32 and a beta of 1.96. New Home has a twelve month low of $4.78 and a twelve month high of $12.00. The company has a current ratio of 0.91, a quick ratio of 0.97 and a debt-to-equity ratio of 1.61.

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

In other news, CIO Thomas Redwitz sold 5,300 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $6.02, for a total transaction of $31,906.00. Following the completion of the sale, the executive now owns 103,199 shares of the company’s stock, valued at approximately $621,257.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.60% of the company’s stock.

A number of large investors have recently modified their holdings of NWHM. Rhumbline Advisers increased its position in New Home by 37.0% in the 4th quarter. Rhumbline Advisers now owns 16,749 shares of the construction company’s stock valued at $88,000 after acquiring an additional 4,520 shares during the period. Bank of America Corp DE increased its position in New Home by 86.2% in the 4th quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock valued at $93,000 after acquiring an additional 8,294 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in New Home in the 4th quarter valued at approximately $307,000. Geode Capital Management LLC increased its position in shares of New Home by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 119,932 shares of the construction company’s stock worth $627,000 after buying an additional 5,598 shares during the period. Finally, Northern Trust Corp increased its position in shares of New Home by 1.2% during the fourth quarter. Northern Trust Corp now owns 150,239 shares of the construction company’s stock worth $786,000 after buying an additional 1,832 shares during the period. 57.81% of the stock is owned by institutional investors and hedge funds.

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 coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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