Somewhat Positive Press Coverage Somewhat Unlikely to Impact New Home (NWHM) Share Price
News coverage about New Home (NYSE:NWHM) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Home earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 44.002084972494 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of New Home (NWHM) traded up $0.11 during midday trading on Thursday, hitting $12.63. 50,700 shares of the stock were exchanged, compared to its average volume of 117,764. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $261.38, a P/E ratio of 12.89 and a beta of 1.87. New Home has a 12-month low of $9.75 and a 12-month high of $13.55.
New Home (NYSE:NWHM) last announced its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $157.93 million for the quarter, compared to the consensus estimate of $143.66 million. New Home had a net margin of 2.73% and a return on equity of 9.52%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. equities research analysts forecast that New Home will post 0.96 EPS for the current fiscal year.
In related news, insider Lp Tcn/Tnhc sold 71,384 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $11.37, for a total value of $811,636.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph David Davis sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $12.43, for a total transaction of $372,900.00. Following the completion of the transaction, the insider now directly owns 35,126 shares in the company, valued at approximately $436,616.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 459,139 shares of company stock worth $5,571,668. Insiders own 24.20% of the company’s stock.
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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.
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