NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Buy” from Brokerages
Shares of NVR, Inc. (NYSE:NVR) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $2,708.00.
NVR has been the subject of several analyst reports. Zacks Investment Research downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 29th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th.
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In other NVR news, Director Susan Williamson Ross acquired 30 shares of NVR stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $2,253.43 per share, with a total value of $67,602.90. Following the purchase, the director now owns 30 shares in the company, valued at $67,602.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Manuel H. Johnson sold 1,302 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $2,092.71, for a total value of $2,724,708.42. Following the completion of the sale, the director now directly owns 1,702 shares of the company’s stock, valued at $3,561,792.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,257 shares of company stock valued at $39,023,767. Company insiders own 11.30% of the company’s stock.
A number of large investors have recently made changes to their positions in NVR. Meeder Asset Management Inc. acquired a new stake in shares of NVR during the first quarter valued at about $238,000. James Investment Research Inc. acquired a new stake in shares of NVR during the first quarter valued at about $158,000. Huntington National Bank increased its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. Bank of Montreal Can increased its stake in shares of NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after buying an additional 22 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of NVR during the fourth quarter valued at about $1,363,000. 78.76% of the stock is owned by hedge funds and other institutional investors.
NVR (NYSE:NVR) opened at 2447.29 on Friday. NVR has a 52 week low of $1,478.04 and a 52 week high of $2,544.50. The company has a 50-day moving average of $2,439.94 and a 200 day moving average of $2,114.66. The firm has a market cap of $9.17 billion, a P/E ratio of 21.65 and a beta of 0.66.
NVR (NYSE:NVR) last announced its earnings results on Thursday, April 20th. The construction company reported $25.12 EPS for the quarter, beating the consensus estimate of $21.03 by $4.09. NVR had a return on equity of 34.48% and a net margin of 7.90%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the business posted $15.79 earnings per share. NVR’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts predict that NVR will post $129.86 earnings per share for the current year.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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