New Home (NYSE:NWHM)‘s stock had its “neutral” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued on Tuesday. They presently have a $13.00 price target on the construction company’s stock, up from their prior price target of $12.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 13.04% from the stock’s current price.
A number of other equities analysts have also commented on NWHM. JMP Securities lowered New Home from an “outperform” rating to a “market perform” rating in a report on Thursday, February 15th. ValuEngine lowered New Home from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Zacks Investment Research raised New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd.
Shares of New Home (NYSE:NWHM) opened at $11.50 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.40 and a quick ratio of 2.40. New Home has a 52-week low of $9.75 and a 52-week high of $13.55. The stock has a market capitalization of $243.84, a price-to-earnings ratio of 14.02 and a beta of 1.69.
New Home (NYSE:NWHM) last posted its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. New Home had a return on equity of 8.39% and a net margin of 2.28%. The firm had revenue of $324.10 million during the quarter, compared to analyst estimates of $295.04 million. During the same period last year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. equities analysts predict that New Home will post 1.18 EPS for the current fiscal year.
In other news, insider Lp Tcn/Tnhc sold 15,500 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $12.73, for a total value of $197,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph David Davis sold 2,907 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $12.05, for a total value of $35,029.35. Following the completion of the transaction, the insider now directly owns 35,126 shares of the company’s stock, valued at $423,268.30. The disclosure for this sale can be found here. Insiders sold 348,130 shares of company stock valued at $4,315,073 over the last ninety days. Corporate insiders own 24.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of NWHM. Schwab Charles Investment Management Inc. boosted its stake in New Home by 3.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 16,549 shares of the construction company’s stock valued at $190,000 after buying an additional 500 shares during the period. Northern Trust Corp boosted its stake in New Home by 3.3% during the second quarter. Northern Trust Corp now owns 144,687 shares of the construction company’s stock valued at $1,660,000 after buying an additional 4,603 shares during the period. Teachers Advisors LLC boosted its stake in New Home by 28.6% during the second quarter. Teachers Advisors LLC now owns 25,781 shares of the construction company’s stock valued at $296,000 after buying an additional 5,737 shares during the period. Wells Fargo & Company MN boosted its stake in New Home by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 604,548 shares of the construction company’s stock valued at $7,575,000 after buying an additional 5,971 shares during the period. Finally, State Street Corp boosted its stake in New Home by 4.4% during the second quarter. State Street Corp now owns 198,475 shares of the construction company’s stock valued at $2,276,000 after buying an additional 8,282 shares during the period. 56.59% of the stock is owned by hedge funds and other institutional investors.
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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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