New Home (NYSE:NWHM) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Zacks Investment Research upgraded shares of New Home from a “sell” rating to a “hold” rating in a report on Saturday, August 12th.

New Home (NYSE NWHM) opened at $12.83 on Friday. New Home has a 52 week low of $9.75 and a 52 week high of $13.05. The firm has a market cap of $245.30, a price-to-earnings ratio of 10.49 and a beta of 1.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16.

New Home (NYSE:NWHM) last posted its quarterly earnings results on Friday, October 27th. The construction company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $157.93 million during the quarter, compared to analysts’ expectations of $143.66 million. New Home had a net margin of 2.73% and a return on equity of 6.92%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. analysts expect that New Home will post 0.96 EPS for the current fiscal year.

In other news, insider Lp Tcn/Tnhc sold 17,444 shares of New Home stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $11.46, for a total transaction of $199,908.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph David Davis sold 3,800 shares of New Home stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $11.56, for a total transaction of $43,928.00. Following the transaction, the insider now owns 35,126 shares of the company’s stock, valued at $406,056.56. The disclosure for this sale can be found here. Insiders sold 209,647 shares of company stock valued at $2,404,612 over the last 90 days. Corporate insiders own 24.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWHM. First Trust Advisors LP bought a new position in shares of New Home during the third quarter valued at about $121,000. Brandywine Global Investment Management LLC lifted its position in shares of New Home by 10.3% during the second quarter. Brandywine Global Investment Management LLC now owns 11,274 shares of the construction company’s stock valued at $130,000 after purchasing an additional 1,054 shares in the last quarter. Rhumbline Advisers lifted its position in shares of New Home by 9.5% during the second quarter. Rhumbline Advisers now owns 13,305 shares of the construction company’s stock valued at $153,000 after purchasing an additional 1,150 shares in the last quarter. Bank of Montreal Can bought a new position in shares of New Home during the second quarter valued at about $160,000. Finally, Prudential Financial Inc. bought a new position in shares of New Home during the third quarter valued at about $163,000. 55.73% of the stock is currently owned by institutional investors.

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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.

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