NVR, Inc. (NVR) Receives Consensus Rating of “Hold” from Analysts
Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $2,690.00.
Several equities research analysts have weighed in on NVR shares. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. 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, September 5th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th.
In other news, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the sale, the insider now directly owns 5,323 shares of the company’s stock, valued at $14,211,877.70. 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 business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following 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. In the last 90 days, insiders have sold 4,240 shares of company stock worth $11,355,358. Corporate insiders own 11.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank acquired a new stake in NVR during the 2nd quarter worth about $104,000. US Bancorp DE grew its stake in NVR by 88.0% during the 2nd 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 last quarter. PNC Financial Services Group Inc. grew its stake in NVR by 14.8% during the 1st 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 last quarter. Advisor Group Inc. grew its stake in NVR by 13.9% during the 2nd 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 last quarter. Finally, Everett Harris & Co. CA purchased a new stake in NVR during the 2nd quarter valued at about $200,000. Institutional investors own 79.72% of the company’s stock.
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Shares of NVR (NYSE NVR) opened at 2894.24 on Wednesday. The company has a 50-day moving average price of $2,761.72 and a 200 day moving average price of $2,443.52. The company has a market capitalization of $10.83 billion, a P/E ratio of 22.90 and a beta of 0.67. NVR has a 12-month low of $1,478.04 and a 12-month high of $2,903.90.
NVR (NYSE:NVR) last posted its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 EPS for the quarter, topping the consensus estimate of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. NVR’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $22.01 EPS. On average, equities analysts anticipate that NVR will post $139.24 earnings per share for the current fiscal year.
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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