NVR, Inc. (NVR) Given Average Rating of “Hold” by Analysts
Shares of NVR, Inc. (NYSE:NVR) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $2,708.00.
Several equities research analysts have weighed in on NVR shares. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. MKM Partners reaffirmed a “neutral” rating on shares of NVR in a research report on Tuesday. 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 issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Finally, Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th.
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In other NVR news, Director William Grady Rosier sold 1,250 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the sale, the director now directly owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel David Malzahn sold 1,500 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the completion of the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at $11,316,028.75. The disclosure for this sale can be found here. Insiders sold 4,240 shares of company stock worth $11,355,358 over the last ninety days. 11.30% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank acquired a new position in shares of NVR during the second quarter valued at $104,000. US Bancorp DE increased its holdings in shares of NVR by 88.0% during the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock valued at $113,000 after purchasing an additional 22 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of NVR during the first quarter valued at $124,000. PNC Financial Services Group Inc. increased its holdings in shares of NVR by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after purchasing an additional 9 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of NVR by 13.9% during the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after purchasing an additional 10 shares during the period. 79.77% of the stock is currently owned by institutional investors.
NVR (NYSE NVR) opened at 2751.70 on Friday. NVR has a one year low of $1,478.04 and a one year high of $2,775.52. The firm has a market capitalization of $10.30 billion, a PE ratio of 21.77 and a beta of 0.66. The stock has a 50 day moving average of $2,691.99 and a 200-day moving average of $2,334.93.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business posted $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts predict that NVR will post $139.24 EPS 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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