News coverage about New Home (NYSE:NWHM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Home earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 45.2060705348105 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of analysts have weighed in on the stock. JMP Securities downgraded shares of New Home from an “outperform” rating to a “market perform” rating in a report on Thursday, February 15th. ValuEngine raised shares of New Home from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Zacks Investment Research downgraded shares of New Home from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of New Home in a report on Tuesday, February 20th.
NWHM stock traded down $0.15 during trading hours on Friday, hitting $11.30. 40,143 shares of the stock were exchanged, compared to its average volume of 100,254. The company has a market cap of $239.04, a P/E ratio of 13.78 and a beta of 1.65. New Home has a one year low of $9.75 and a one year high of $13.55. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.21.
In other news, insider Lp Tcn/Tnhc sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $12.50, for a total transaction of $312,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph David Davis sold 2,907 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $12.05, for a total transaction of $35,029.35. Following 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 208,309 shares of company stock valued at $2,619,592 over the last ninety days. 24.20% of the stock is owned by insiders.
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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.
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