Zacks Investment Research upgraded shares of New Home Company Inc. (The) (NYSE:NWHM) from a strong sell rating to a hold rating in a report issued on Thursday.

According to Zacks, “The New Home Company LLC is a homebuilder. The company focused on the design, construction and sale of innovative and consumer-driven homes primarily in the San Francisco Bay area and metro Sacramento. It operates primarily in two segments: homebuilding and fee building. The New Home Company LLC is based in Suite, United States. “

New Home Company Inc. (NYSE NWHM) traded down $0.05 during trading hours on Thursday, reaching $10.91. 61,949 shares of the company were exchanged, compared to its average volume of 68,881. The company has a market capitalization of $227.76, a price-to-earnings ratio of 9.79 and a beta of 1.90. New Home Company Inc. has a 1-year low of $9.45 and a 1-year high of $12.55. The company has a current ratio of 1.16, a quick ratio of 3.25 and a debt-to-equity ratio of 1.26.

New Home Company Inc. (The) (NYSE:NWHM) last posted its earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06. The business had revenue of $157.93 million for the quarter, compared to analysts’ expectations of $143.66 million. New Home Company Inc. (The) had a net margin of 2.73% and a return on equity of 9.52%. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. analysts anticipate that New Home Company Inc. will post 0.96 EPS for the current fiscal year.

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In other New Home Company Inc. (The) news, insider Lp Tcn/Tnhc sold 15,853 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $11.11, for a total value of $176,126.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph David Davis sold 3,800 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $11.56, for a total transaction of $43,928.00. Following the completion of the transaction, the insider now owns 35,126 shares in the company, valued at $406,056.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,743 shares of company stock worth $622,896. Company insiders own 24.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in NWHM. Nationwide Fund Advisors boosted its position in New Home Company Inc. (The) by 25.7% in the first quarter. Nationwide Fund Advisors now owns 10,662 shares of the construction company’s stock valued at $112,000 after buying an additional 2,178 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of New Home Company Inc. (The) by 9.4% during the first quarter. Bank of New York Mellon Corp now owns 92,490 shares of the construction company’s stock worth $966,000 after purchasing an additional 7,921 shares in the last quarter. FMR LLC lifted its position in shares of New Home Company Inc. (The) by 39.6% during the first quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock worth $10,694,000 after purchasing an additional 290,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of New Home Company Inc. (The) by 39.7% during the first quarter. Dimensional Fund Advisors LP now owns 166,400 shares of the construction company’s stock worth $1,741,000 after purchasing an additional 47,265 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of New Home Company Inc. (The) by 86.2% during the first quarter. Renaissance Technologies LLC now owns 37,800 shares of the construction company’s stock worth $395,000 after purchasing an additional 17,500 shares in the last quarter. Hedge funds and other institutional investors own 57.38% of the company’s stock.

New Home Company Inc. (The) 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.

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