New Home (NYSE:NWHM) Trading 11.1% Higher

Shares of New Home Company Inc (NYSE:NWHM) traded up 11.1% during trading on Thursday . The stock traded as high as $4.11 and last traded at $4.01. 169,297 shares were traded during mid-day trading, an increase of 149% from the average session volume of 68,099 shares. The stock had previously closed at $3.61.

Several analysts have commented on the stock. ValuEngine cut shares of New Home from a “sell” rating to a “strong sell” rating in a research note on Friday, March 15th. TheStreet cut shares of New Home from a “c” rating to a “d” rating in a research note on Wednesday, April 3rd.

The company’s 50 day simple moving average is $4.26. The company has a market capitalization of $80.40 million, a P/E ratio of 10.84 and a beta of 1.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.69.

New Home (NYSE:NWHM) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. New Home had a negative net margin of 2.35% and a positive return on equity of 2.95%. The company had revenue of $118.85 million during the quarter.

In related news, Director Paul C. Heeschen acquired 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was bought at an average cost of $4.10 per share, with a total value of $41,000.00. Following the purchase, the director now directly owns 55,783 shares of the company’s stock, valued at $228,710.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider H Lawrence Webb acquired 12,345 shares of the stock in a transaction dated Monday, June 17th. The shares were bought at an average cost of $4.05 per share, with a total value of $49,997.25. Following the completion of the purchase, the insider now directly owns 825,955 shares in the company, valued at $3,345,117.75. The disclosure for this purchase can be found here. Insiders have bought a total of 54,805 shares of company stock valued at $222,214 over the last three months. Corporate insiders own 23.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royce & Associates LP boosted its position in New Home by 22.0% during the 4th quarter. Royce & Associates LP now owns 859,998 shares of the construction company’s stock worth $4,498,000 after purchasing an additional 154,900 shares during the period. Dimensional Fund Advisors LP boosted its position in New Home by 16.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 910,322 shares of the construction company’s stock worth $4,761,000 after purchasing an additional 126,293 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in New Home during the 4th quarter worth $307,000. BlackRock Inc. boosted its position in New Home by 1.9% during the 4th quarter. BlackRock Inc. now owns 759,995 shares of the construction company’s stock worth $3,975,000 after purchasing an additional 13,972 shares during the period. Finally, Bank of America Corp DE boosted its position in New Home by 86.2% during the 4th quarter. Bank of America Corp DE now owns 17,912 shares of the construction company’s stock worth $93,000 after purchasing an additional 8,294 shares during the period. 57.22% of the stock is owned by institutional investors.

About New Home (NYSE:NWHM)

The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

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