New Home Company Inc. (The) (NYSE:NWHM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

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. (NWHM) opened at 10.00 on Friday. The company has a market cap of $208.75 million, a price-to-earnings ratio of 45.45 and a beta of 1.88. The company’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.93. New Home Company Inc. has a 52-week low of $9.45 and a 52-week high of $12.55.

New Home Company Inc. (The) (NYSE:NWHM) last posted its earnings results on Friday, July 28th. The construction company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $144.10 million during the quarter, compared to analyst estimates of $115.37 million. New Home Company Inc. (The) had a return on equity of 10.25% and a net margin of 2.82%. New Home Company Inc. (The)’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. Equities research analysts expect that New Home Company Inc. will post $0.94 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kennedy Capital Management Inc. boosted its stake in shares of New Home Company Inc. (The) by 755.7% during the 1st quarter. Kennedy Capital Management Inc. now owns 720,226 shares of the construction company’s stock worth $7,534,000 after acquiring an additional 636,062 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of New Home Company Inc. (The) during the 2nd quarter worth about $6,825,000. FMR LLC boosted its stake in shares of New Home Company Inc. (The) by 39.6% during the 1st quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock worth $10,694,000 after acquiring an additional 290,000 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of New Home Company Inc. (The) during the 2nd quarter worth about $1,376,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of New Home Company Inc. (The) by 50.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 251,154 shares of the construction company’s stock worth $2,881,000 after acquiring an additional 84,754 shares in the last quarter. 57.23% of the stock is currently owned by institutional investors.

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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