New Home (NYSE:NWHM) announced its earnings results on Wednesday. The construction company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01, Bloomberg Earnings reports. The firm had revenue of $324.10 million for the quarter, compared to the consensus estimate of $295.04 million. New Home had a return on equity of 9.52% and a net margin of 2.73%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS.

Shares of New Home (NWHM) traded up $0.12 on Wednesday, reaching $12.01. The company’s stock had a trading volume of 19,728 shares, compared to its average volume of 103,549. The firm has a market cap of $248.23, a P/E ratio of 11.49 and a beta of 1.69. New Home has a 52-week low of $9.75 and a 52-week high of $13.55. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.16 and a quick ratio of 1.16.

Several brokerages have commented on NWHM. Zacks Investment Research raised New Home from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. ValuEngine raised New Home from a “hold” rating to a “buy” rating in a report on Friday, December 1st.

In other news, insider Lp Tcn/Tnhc sold 71,384 shares of New Home stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $11.37, for a total value of $811,636.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph David Davis sold 2,907 shares of New Home stock in a transaction dated 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 have sold a total of 419,514 shares of company stock worth $5,126,709 over the last ninety days. Company insiders own 24.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Second Curve Capital LLC raised its position in shares of New Home by 6.3% in the 3rd quarter. Second Curve Capital LLC now owns 1,994,059 shares of the construction company’s stock worth $22,254,000 after acquiring an additional 118,000 shares in the last quarter. FMR LLC raised its position in shares of New Home by 5.7% in the 2nd quarter. FMR LLC now owns 1,080,679 shares of the construction company’s stock worth $12,395,000 after acquiring an additional 58,325 shares in the last quarter. Kennedy Capital Management Inc. raised its position in shares of New Home by 1.6% in the 4th quarter. Kennedy Capital Management Inc. now owns 791,111 shares of the construction company’s stock worth $9,913,000 after acquiring an additional 12,296 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of New Home by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 604,548 shares of the construction company’s stock worth $7,575,000 after acquiring an additional 5,971 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of New Home by 4.0% in the 4th quarter. Royce & Associates LP now owns 600,658 shares of the construction company’s stock worth $7,526,000 after acquiring an additional 23,260 shares in the last quarter. 54.19% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://theolympiareport.com/2018/02/14/new-home-nwhm-announces-quarterly-earnings-results.html.

About New Home

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.

Earnings History for New Home (NYSE:NWHM)

Receive News & Ratings for New Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Home and related companies with MarketBeat.com's FREE daily email newsletter.