Shares of New Home Company Inc (NYSE:NWHM) hit a new 52-week low during trading on Thursday . The stock traded as low as $6.62 and last traded at $6.93, with a volume of 2491 shares. The stock had previously closed at $6.76.

Separately, Zacks Investment Research lowered New Home from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $13.00.

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.48. The firm has a market cap of $140.99 million, a PE ratio of 7.27 and a beta of 1.50.

New Home (NYSE:NWHM) last released its quarterly earnings results on Thursday, October 25th. The construction company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. New Home had a return on equity of 5.99% and a net margin of 1.63%. The business had revenue of $159.11 million during the quarter.

In other New Home news, major shareholder Second Curve Capital Llc sold 10,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $6.88, for a total transaction of $68,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 50,500 shares of company stock valued at $348,685 in the last three months. 24.60% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its holdings in New Home by 34.8% during the second quarter. Wells Fargo & Company MN now owns 822,930 shares of the construction company’s stock valued at $8,205,000 after purchasing an additional 212,655 shares during the period. Royce & Associates LP lifted its position in shares of New Home by 8.7% in the second quarter. Royce & Associates LP now owns 664,990 shares of the construction company’s stock valued at $6,630,000 after acquiring an additional 53,290 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of New Home in the second quarter valued at about $121,000. BlackRock Inc. lifted its position in shares of New Home by 8.9% in the second quarter. BlackRock Inc. now owns 735,520 shares of the construction company’s stock valued at $7,333,000 after acquiring an additional 59,991 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of New Home by 22.3% in the second quarter. Dimensional Fund Advisors LP now owns 673,168 shares of the construction company’s stock valued at $6,711,000 after acquiring an additional 122,608 shares in the last quarter. 57.66% of the stock is owned by institutional investors and hedge funds.

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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 coastal Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

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