Insider Selling: New Home Company Inc. (The) (NWHM) Insider Sells $38,161.20 in Stock

New Home Company Inc. (The) (NYSE:NWHM) insider Joseph David Davis sold 3,304 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $11.55, for a total value of $38,161.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Joseph David Davis also recently made the following trade(s):

  • On Wednesday, October 4th, Joseph David Davis sold 2,052 shares of New Home Company Inc. (The) stock. The stock was sold at an average price of $11.55, for a total value of $23,700.60.

New Home Company Inc. (NYSE:NWHM) opened at 11.53 on Monday. The firm has a market capitalization of $240.69 million, a P/E ratio of 11.13 and a beta of 1.89. New Home Company Inc. has a 1-year low of $9.45 and a 1-year high of $12.55. The company’s 50-day moving average price is $10.56 and its 200-day moving average price is $10.96.

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

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Several hedge funds have recently added to or reduced their stakes in NWHM. Kennedy Capital Management Inc. lifted its holdings in shares of New Home Company Inc. (The) by 755.7% during the first quarter. Kennedy Capital Management Inc. now owns 720,226 shares of the construction company’s stock valued at $7,534,000 after purchasing an additional 636,062 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of New Home Company Inc. (The) during the second quarter valued at approximately $6,825,000. FMR LLC lifted its holdings in shares of New Home Company Inc. (The) by 39.6% during the first quarter. FMR LLC now owns 1,022,354 shares of the construction company’s stock valued at $10,694,000 after purchasing an additional 290,000 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in shares of New Home Company Inc. (The) during the second quarter valued at approximately $1,376,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of New Home Company Inc. (The) by 50.9% during the second quarter. Dimensional Fund Advisors LP now owns 251,154 shares of the construction company’s stock valued at $2,881,000 after purchasing an additional 84,754 shares during the last quarter. Hedge funds and other institutional investors own 57.23% of the company’s stock.

Separately, Zacks Investment Research downgraded New Home Company Inc. (The) from a “hold” rating to a “sell” rating in a research note on Saturday, September 16th.

About New Home Company Inc. (The)

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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