NVR Inc. (NVR) Stock Rating Upgraded by Zacks Investment Research
NVR Inc. (NYSE:NVR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “NVR Inc. is a holding company that operates in two business segments; the construction and marketing of homes and in financial services. NVR’s homebuilding operations construct and sell single-family detached homes, townhomes and condominium buildings in two distinct product lines through the two divisions known as Ryan Homes and NVHomes. NVR’s also provides financial services including a mortgage banking operation. NVR’s mortgage banking business generates revenues primarily from origination fees, servicing fees,gains on marketing of loans, title fees, and sales of servicing rights. “
Separately, Credit Suisse Group AG restated a “sell” rating on shares of NVR in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1,713.50.
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NVR (NYSE:NVR) traded up 0.31% on Wednesday, reaching $1651.05. 31,039 shares of the company traded hands. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 17.04 and a beta of 0.50. The stock has a 50 day moving average of $1,684.05 and a 200-day moving average of $1,709.14. NVR has a 1-year low of $1,462.02 and a 1-year high of $1,845.37.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.00 by $3.99. The company earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. NVR had a net margin of 7.53% and a return on equity of 32.00%. On average, equities analysts anticipate that NVR will post $102.08 EPS for the current year.
In other NVR news, Director William Grady Rosier sold 729 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the sale, the director now directly owns 4,153 shares in the company, valued at $7,179,332.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel H. Johnson sold 121 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total transaction of $205,601.99. Following the sale, the director now owns 400 shares in the company, valued at $679,676. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of NVR. Picton Mahoney Asset Management raised its stake in shares of NVR by 232.3% in the first quarter. Picton Mahoney Asset Management now owns 4,948 shares of the company’s stock worth $8,570,000 after buying an additional 3,459 shares during the period. M&T Bank Corp raised its stake in shares of NVR by 10.3% in the first quarter. M&T Bank Corp now owns 968 shares of the company’s stock worth $1,677,000 after buying an additional 90 shares during the period. Menta Capital LLC raised its stake in shares of NVR by 99.3% in the first quarter. Menta Capital LLC now owns 1,457 shares of the company’s stock worth $2,524,000 after buying an additional 726 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of NVR during the first quarter worth about $104,000. Finally, JPMorgan Chase & Co. raised its stake in shares of NVR by 159.9% in the first quarter. JPMorgan Chase & Co. now owns 30,111 shares of the company’s stock worth $52,166,000 after buying an additional 18,525 shares during the period. Institutional investors own 81.96% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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