Brokerage firm Citigroup Maintains its rating on New Home Company Inc(NYSE:NWHM). In a research note issued to the investors, the brokerage major Lowers the price-target to $11.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jun 15, 2016.
In a different note, On Apr 8, 2016, Citigroup said it Maintains its rating on New Home Company Inc. In the research note, the firm Raises the price-target to $11.00 per share. The shares have been rated ‘Neutral’ by the firm.
New Home Company Inc (NWHM) shares turned negative on Tuesdays trading session with the shares closing down -0.43 points or -4.20% at a volume of 59,061. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.64. The peak price level was also seen at $10.64 while the days lowest was $9.67. Finally the shares closed at $9.81. The 52-week high of the shares is $17.97 while the 52-week low is $7.51. According to the latest information available, the market cap of the company is $203 M.
New Home Company Inc(NWHM) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $85.24M. Analysts had an estimated revenue of $76.01M. Earnings per share were $-0.04. Analysts had estimated an EPS of $0.01.
Several Insider Transactions has been reported to the SEC. On May 23, 2016, John Martin Stephens (Chief Financial Officer) purchased 500 shares at $8.99 per share price.Also, On May 4, 2016, H Lawrence Webb (CEO) purchased 5,000 shares at $10.32 per share price.On Dec 10, 2015, Douglas C Neff (director 10% owner) purchased 500,000 shares at $12.50 per share price, according to the Form-4 filing with the securities and exchange commission.
The New Home Company Inc. formerly The New Home Company LLC is primarily engaged in all aspects of residential real estate development including acquiring land and designing constructing and selling homes located in California. The Company is focused on the design construction and sale of homes in metropolitan areas within select growth markets in California including coastal Southern California the San Francisco Bay area and metro Sacramento. It operates in two segments: homebuilding and fee building. It also offers construction services to build homes for independent third-party property owners some of which have been marketed under The New Home Company brand name. Its services with respect to fee building projects include design development construction and sale of the homes. Its product offering (including homes that Company is building for its unconsolidated joint ventures) ranges in size from approximately 800 to 5400 square feet.