New Home Company Inc (NWHM) Stake Lifted by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of New Home Company Inc (NYSE:NWHM) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,252 shares of the construction company’s stock after acquiring an additional 53,655 shares during the quarter. Deutsche Bank AG’s holdings in New Home were worth $2,283,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kennedy Capital Management Inc. grew its position in New Home by 1.6% during the fourth quarter. Kennedy Capital Management Inc. now owns 791,111 shares of the construction company’s stock worth $9,913,000 after buying an additional 12,296 shares during the period. Wells Fargo & Company MN grew its position in New Home by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 604,548 shares of the construction company’s stock worth $7,575,000 after buying an additional 5,971 shares during the period. Royce & Associates LP grew its position in New Home by 4.0% during the fourth quarter. Royce & Associates LP now owns 600,658 shares of the construction company’s stock worth $7,526,000 after buying an additional 23,260 shares during the period. Dimensional Fund Advisors LP grew its position in New Home by 24.9% during the third quarter. Dimensional Fund Advisors LP now owns 313,797 shares of the construction company’s stock worth $3,502,000 after buying an additional 62,643 shares during the period. Finally, State Street Corp grew its position in New Home by 4.4% during the second quarter. State Street Corp now owns 198,475 shares of the construction company’s stock worth $2,276,000 after buying an additional 8,282 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.

Several brokerages have weighed in on NWHM. ValuEngine upgraded shares of New Home from a “hold” rating to a “buy” rating in a research report on Sunday, April 8th. Zacks Investment Research lowered shares of New Home from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. JMP Securities lowered shares of New Home from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase restated a “neutral” rating and set a $13.00 target price (up from $12.00) on shares of New Home in a research report on Tuesday, February 20th.

In other news, insider Joseph David Davis sold 2,907 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $12.05, for a total value of $35,029.35. Following the sale, the insider now directly owns 35,126 shares in the company, valued at $423,268.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lp Tcn/Tnhc sold 7,803 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $11.03, for a total transaction of $86,067.09. The disclosure for this sale can be found here. Insiders sold 11,196 shares of company stock worth $126,953 over the last quarter. Company insiders own 24.60% of the company’s stock.

Shares of NWHM opened at $10.55 on Friday. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 1.21. New Home Company Inc has a twelve month low of $9.75 and a twelve month high of $13.55. The stock has a market cap of $217.33, a price-to-earnings ratio of 10.88 and a beta of 1.62.

New Home (NYSE:NWHM) last issued its earnings results on Wednesday, February 14th. The construction company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. New Home had a net margin of 2.28% and a return on equity of 8.39%. The company had revenue of $324.10 million for the quarter, compared to analyst estimates of $295.04 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. equities analysts anticipate that New Home Company Inc will post 1.03 EPS for the current year.

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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Institutional Ownership by Quarter for New Home (NYSE:NWHM)

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