NVR, Inc. (NVR) Earns “Neutral” Rating from MKM Partners
NVR, Inc. (NYSE:NVR)‘s stock had its “neutral” rating reissued by MKM Partners in a research note issued to investors on Tuesday. They currently have a $2,600.00 target price on the construction company’s stock, up from their prior target price of $1,900.00. MKM Partners’ price target would indicate a potential downside of 2.43% from the company’s current price.
A number of other research firms have also commented on NVR. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Bank of America Corporation reaffirmed a “buy” rating and set a $2,690.00 price target (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $2,672.00.
Shares of NVR (NYSE NVR) traded up 0.46% during midday trading on Tuesday, reaching $2676.97. 19,749 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $2,458.90 and its 200 day moving average price is $2,132.25. The firm has a market capitalization of $10.03 billion, a P/E ratio of 21.18 and a beta of 0.65. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,693.00.
NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. NVR had a return on equity of 38.82% and a net margin of 8.67%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $22.01 earnings per share. On average, equities research analysts anticipate that NVR will post $130.89 EPS for the current fiscal year.
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In related news, CEO Paul C. Saville sold 3,884 shares of NVR stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $2,095.08, for a total value of $8,137,290.72. Following the sale, the chief executive officer now owns 120,292 shares of the company’s stock, valued at approximately $252,021,363.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 325 shares of NVR stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total value of $742,153.75. Following the completion of the sale, the director now directly owns 500 shares in the company, valued at approximately $1,141,775. The disclosure for this sale can be found here. In the last three months, insiders sold 12,089 shares of company stock worth $26,135,786. 11.30% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after buying an additional 22 shares in the last quarter. Huntington National Bank boosted its position 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 worth $120,000 after buying an additional 53 shares during the period. Acrospire Investment Management LLC purchased a new stake in NVR during the first quarter worth about $124,000. PNC Financial Services Group Inc. raised its stake in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in NVR during the first quarter worth about $158,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.
NVR Company Profile
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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