The New Home Co. (NWHM) Given Average Recommendation of “Buy” by Brokerages
The New Home Co. (NYSE:NWHM) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.00.
Several equities analysts recently weighed in on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of The New Home in a research note on Tuesday, July 12th. TheStreet raised shares of The New Home from a “sell” rating to a “hold” rating in a research note on Friday, July 29th.
In other The New Home news, CEO H Lawrence Webb acquired 10,200 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average cost of $9.75 per share, with a total value of $99,450.00. Following the purchase, the chief executive officer now directly owns 748,956 shares of the company’s stock, valued at approximately $7,302,321. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.70% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in NWHM. Franklin Street Advisors Inc. NC purchased a new position in The New Home during the second quarter worth approximately $144,000. Teachers Advisors Inc. boosted its position in The New Home by 4.4% in the second quarter. Teachers Advisors Inc. now owns 17,004 shares of the company’s stock worth $162,000 after buying an additional 715 shares in the last quarter. Royal Bank of Canada boosted its position in The New Home by 3.7% in the first quarter. Royal Bank of Canada now owns 22,067 shares of the company’s stock worth $271,000 after buying an additional 795 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in The New Home during the second quarter worth approximately $220,000. Finally, California State Teachers Retirement System boosted its position in The New Home by 13.6% in the second quarter. California State Teachers Retirement System now owns 26,623 shares of the company’s stock worth $254,000 after buying an additional 3,187 shares in the last quarter. 59.95% of the stock is owned by hedge funds and other institutional investors.
Shares of The New Home (NYSE:NWHM) opened at 9.70 on Monday. The firm has a 50-day moving average of $10.33 and a 200-day moving average of $10.29. The company has a market cap of $200.90 million, a price-to-earnings ratio of 10.04 and a beta of 1.92. The New Home has a one year low of $7.51 and a one year high of $16.55.
The New Home (NYSE:NWHM) last posted its earnings results on Friday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The company earned $108.90 million during the quarter, compared to analysts’ expectations of $88.98 million. The New Home had a net margin of 3.86% and a return on equity of 8.86%. The New Home’s quarterly revenue was up 138.8% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share. Equities research analysts forecast that The New Home will post $1.10 EPS for the current fiscal year.
The 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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