The New Home Co. (NYSE:NWHM) has received an average rating of “Hold” from the six research firms that are currently covering the firm. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.00.

Separately, Zacks Investment Research lowered shares of The New Home from a “hold” rating to a “sell” rating in a report on Wednesday.

The New Home (NYSE:NWHM) traded down 1.89% during mid-day trading on Wednesday, reaching $11.44. The company had a trading volume of 14,460 shares. The New Home has a 12-month low of $7.51 and a 12-month high of $14.79. The company has a market capitalization of $236.93 million, a price-to-earnings ratio of 11.77 and a beta of 1.93. The stock has a 50-day moving average of $10.66 and a 200 day moving average of $10.12.

The New Home (NYSE:NWHM) last announced its quarterly earnings results on Friday, November 4th. The company reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The New Home had a net margin of 3.44% and a return on equity of 8.69%. The firm earned $178 million during the quarter, compared to the consensus estimate of $140.25 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 104.5% compared to the same quarter last year. On average, analysts expect that The New Home will post $1.02 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. First Manhattan Co. raised its stake in The New Home by 0.8% in the third quarter. First Manhattan Co. now owns 2,014,671 shares of the company’s stock worth $21,496,000 after buying an additional 15,000 shares during the period. Wells Fargo & Company MN raised its stake in The New Home by 12.1% in the third quarter. Wells Fargo & Company MN now owns 1,109,618 shares of the company’s stock worth $11,840,000 after buying an additional 119,968 shares during the period. Royce & Associates LP raised its stake in The New Home by 22.8% in the second quarter. Royce & Associates LP now owns 582,596 shares of the company’s stock worth $5,558,000 after buying an additional 108,260 shares during the period. Brookfield Asset Management Inc. purchased a new stake in shares of The New Home during the third quarter worth approximately $5,741,000. Finally, Vanguard Group Inc. increased its stake in shares of The New Home by 2.6% in the second quarter. Vanguard Group Inc. now owns 355,427 shares of the company’s stock worth $3,391,000 after buying an additional 8,848 shares in the last quarter. 59.36% of the stock is owned by institutional investors and hedge funds.

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The New Home Company Profile

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.

5 Day Chart for NYSE:NWHM

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