NVR, Inc. (NVR) Upgraded by Zelman & Associates to “Buy”
NVR, Inc. (NYSE:NVR) was upgraded by research analysts at Zelman & Associates from a “hold” rating to a “buy” rating in a research note issued on Friday, The Fly reports.
Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Co reiterated a “market perform” rating on shares of NVR in a report on Friday. MKM Partners reiterated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. 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. Finally, Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2,645.00.
NVR (NYSE NVR) traded up 2.98% during trading on Friday, reaching $3220.62. The company’s stock had a trading volume of 21,430 shares. The stock’s 50-day moving average is $2,841.27 and its 200 day moving average is $2,512.42. The company has a market cap of $12.05 billion, a P/E ratio of 25.48 and a beta of 0.67. NVR has a 12 month low of $1,478.04 and a 12 month high of $3,294.50.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, beating the consensus estimate of $35.77 by $2.25. NVR had a net margin of 8.67% and a return on equity of 37.43%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the business earned $28.46 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that NVR will post $139.16 EPS for the current fiscal year.
In other news, Director William Grady Rosier sold 1,250 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the completion of the sale, the director now directly owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eddie Arthur Grier sold 165 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the sale, the director now directly owns 340 shares of the company’s stock, valued at $911,968.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,240 shares of company stock valued at $11,355,358. 11.30% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in shares of NVR during the second quarter worth about $1,052,000. Toronto Dominion Bank bought a new stake in shares of NVR during the second quarter worth about $104,000. Ameritas Investment Partners Inc. increased its position in shares of NVR by 2.8% during the second quarter. Ameritas Investment Partners Inc. now owns 1,043 shares of the construction company’s stock worth $2,514,000 after acquiring an additional 28 shares in the last quarter. Castleark Management LLC bought a new stake in shares of NVR during the second quarter worth about $277,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of NVR by 10.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the construction company’s stock worth $2,712,000 after acquiring an additional 104 shares in the last quarter. 79.70% of the stock is owned by institutional investors.
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).
Receive News & Ratings for NVR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.