New Home Company Inc (NYSE:NWHM) Director Paul C. Heeschen acquired 3,000 shares of New Home stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average cost of $5.00 per share, with a total value of $15,000.00. Following the acquisition, the director now directly owns 42,783 shares of the company’s stock, valued at $213,915. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE NWHM traded down $0.09 on Friday, reaching $4.74. The company’s stock had a trading volume of 210 shares, compared to its average volume of 61,428. New Home Company Inc has a twelve month low of $4.64 and a twelve month high of $11.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $98.54 million, a price-to-earnings ratio of 13.03 and a beta of 1.84.
New Home (NYSE:NWHM) last issued its quarterly earnings results on Friday, February 15th. The construction company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.18). New Home had a negative net margin of 2.13% and a positive return on equity of 2.96%. The business had revenue of $229.67 million during the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in New Home by 1.2% in the 4th quarter. Northern Trust Corp now owns 150,239 shares of the construction company’s stock valued at $786,000 after acquiring an additional 1,832 shares during the last quarter. Rhumbline Advisers lifted its stake in New Home by 37.0% during the fourth quarter. Rhumbline Advisers now owns 16,749 shares of the construction company’s stock valued at $88,000 after buying an additional 4,520 shares in the last quarter. Geode Capital Management LLC lifted its stake in New Home by 4.9% during the fourth 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 in the last quarter. Bank of America Corp DE lifted its stake in New Home by 86.2% during the fourth quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock valued at $93,000 after buying an additional 8,294 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in New Home by 1.4% during the third quarter. BlackRock Inc. now owns 746,023 shares of the construction company’s stock valued at $6,012,000 after buying an additional 10,503 shares in the last quarter. 60.01% of the stock is owned by institutional investors.
Separately, ValuEngine downgraded shares of New Home from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th.
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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.
See Also: Fundamental Analysis
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