BlackRock Inc. raised its stake in New Home Company Inc (NYSE:NWHM) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 746,023 shares of the construction company’s stock after purchasing an additional 10,503 shares during the quarter. BlackRock Inc. owned 3.58% of New Home worth $6,012,000 at the end of the most recent quarter.
Separately, Wells Fargo & Company MN lifted its stake in New Home by 2.8% in the third quarter. Wells Fargo & Company MN now owns 846,286 shares of the construction company’s stock valued at $6,821,000 after buying an additional 23,356 shares in the last quarter. 57.81% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine downgraded shares of New Home from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th.
In other news, CIO Thomas Redwitz sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $6.02, for a total transaction of $31,906.00. Following the transaction, the executive now directly owns 103,199 shares of the company’s stock, valued at $621,257.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 24.60% of the company’s stock.
Shares of NWHM traded down $0.37 during trading hours on Thursday, reaching $5.48. The stock had a trading volume of 59,500 shares, compared to its average volume of 61,438. New Home Company Inc has a 12 month low of $4.78 and a 12 month high of $12.00. The stock has a market cap of $116.08 million, a P/E ratio of 15.32 and a beta of 1.96. The company has a quick ratio of 0.97, a current ratio of 0.91 and a debt-to-equity ratio of 1.61.
New Home (NYSE:NWHM) last posted its earnings results on Friday, February 15th. The construction company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.18). The company had revenue of $229.67 million for the quarter. New Home had a negative net margin of 2.13% and a positive return on equity of 2.96%.
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New Home Profile
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 coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.
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