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NVR (NYSE:NVR) shares fell 5% during mid-day trading on Monday after the company announced weaker than expected quarterly earnings, American Banking & Market News reports. The stock traded as low as $1,038.67 and last traded at $1,061.03, with a volume of 77,097 shares traded. The stock had previously closed at $1,116.62.

The company reported $5.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.90 by $4.74. The company had revenue of $811.30 million for the quarter, compared to the consensus estimate of $859.93 million. During the same quarter in the previous year, the company posted $6.84 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis.

NVR has been the subject of a number of recent research reports. Analysts at Sterne Agee downgraded shares of NVR from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. They now have a $1,150.00 price target on the stock. They noted that the move was a valuation call. Analysts at Susquehanna downgraded shares of NVR from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 28th. They now have a $1,150.00 price target on the stock, up previously from $1,100.00. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,028.54.

The stock’s 50-day moving average is $1163. and its 200-day moving average is $1047.. The company has a market cap of $4.746 billion and a price-to-earnings ratio of 20.37.

NVR, Inc (NYSE:NVR) is a homebuilder in the United States.

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