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published in Blogs
Sep 17, 2022

Nobility Homes (NOBH, $24.80) sales climb +18%; but supply chain issues weigh on completion of homes

Nobility Homes, Inc. posted its diluted earnings for its third quarter (ended August 6) of $0.56 per share compared to $0.29 per in the year-ago quarter.

Sales increased +18% from the year-ago period to $13.8 million. Net income after taxes was $1.9 million as compared to $1.0 million for the same period last year.

Nobility's cash and cash equivalents, certificate of deposits and short term investments were $22.9 million as of the third quarter and no outstanding debt. Working capital stood at  $31.2 million.

Terry Trexler, President, stated, 'The demand for affordable manufactured housing in Florida and the U.S. continues to be strong. According to the Florida Manufactured Housing Association, shipments for the industry in Florida for the period from November 2021 through July 2022 were up approximately 22% from the same period last year. Although net sales increased during the three months ended August 6, 2022 as compared to the same period last year, we continued to experience the negative impact of limitations being placed on certain key production materials from suppliers, the delay or lack of key components from vendors as well as back orders, delayed shipments, price increases and labor shortages”. Trexler noted that the supply chain -related challenges in the completion of the homes are expected to continue for the remainder of fiscal year 2022 and potentially beyond until the industry supply chain normalizes.

Trexler said “maintaining our strong financial position is vital for future growth and success”. He added, “Our many years of experience in the Florida market, combined with home buyers' increased need for more affordable housing, should serve the Company well in the coming years”.

Related Ticker: NOBH

NOBH in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 03, 2025

NOBH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 30 cases where NOBH's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NOBH's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 16, 2025. You may want to consider a long position or call options on NOBH as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for NOBH just turned positive on June 13, 2025. Looking at past instances where NOBH's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for NOBH crossed bearishly below the 50-day moving average on May 29, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.849) is normal, around the industry mean (7.196). P/E Ratio (8.905) is within average values for comparable stocks, (103.177). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.437). Dividend Yield (0.036) settles around the average of (0.046) among similar stocks. P/S Ratio (1.460) is also within normal values, averaging (88.859).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NOBH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock slightly better than average.

Notable companies

The most notable companies in this group are DR Horton (NYSE:DHI), Lennar Corp (NYSE:LEN), Pultegroup (NYSE:PHM), KB Home (NYSE:KBH).

Industry description

Homebuilding includes companies residential home construction companies, renovators and repair firms. The companies may be building single-family or multifamily homes, condominiums or mobile homes. Over the five years to 2019, the Home Builders industry is estimated to have grown at an annualized rate of 2.5% to reach $89.4 billion, (including expected growth of 2.6% in 2019), according to a study by IbisWorld. After having suffered one of its worst crises a decade ago during the last macroeconomic recession–which had much of its origins in U.S. real estate – the homebuilding industry has been recovering steadily so far. Higher disposable incomes and improving economic activity have bolstered consumers’ purchases of homes. While revenue of the Home Builders industry remains well below its prerecession high, demand growth estimates show promise.

Market Cap

The average market capitalization across the Homebuilding Industry is 7.78B. The market cap for tickers in the group ranges from 66.68K to 53.71B. DHI holds the highest valuation in this group at 53.71B. The lowest valued company is ASCK at 66.68K.

High and low price notable news

The average weekly price growth across all stocks in the Homebuilding Industry was 1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 3%. HOV experienced the highest price growth at 16%, while GFASY experienced the biggest fall at -40%.

Volume

The average weekly volume growth across all stocks in the Homebuilding Industry was 44%. For the same stocks of the Industry, the average monthly volume growth was 30% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 53
Price Growth Rating: 55
SMR Rating: 61
Profit Risk Rating: 66
Seasonality Score: 37 (-100 ... +100)
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General Information

Industry Homebuilding

Profile
Fundamentals
Details
Industry
N/A
Address
3741 South west 7th Street
Phone
+1 352 732-5157
Employees
145
Web
http://www.nobilityhomes.com