NVR, Inc. (NVR) Lowered to “Hold” at ValuEngine
NVR, Inc. (NYSE:NVR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
A number of other equities analysts have also commented on NVR. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. MKM Partners restated a “neutral” rating and set a $2,600.00 price objective (up previously from $1,900.00) on shares of NVR in a research note on Tuesday, July 25th. Finally, Bank of America Corporation restated a “buy” rating and set a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $2,645.00.
Shares of NVR (NYSE NVR) traded up 3.06% during mid-day trading on Friday, reaching $3223.25. The company had a trading volume of 39,185 shares. The stock has a market capitalization of $12.04 billion, a P/E ratio of 25.55 and a beta of 0.67. The firm’s 50 day moving average is $2,855.62 and its 200-day moving average is $2,520.35. NVR has a 12-month low of $1,478.04 and a 12-month high of $3,294.50.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, topping the Zacks’ consensus estimate of $35.77 by $2.25. NVR had a return on equity of 39.81% and a net margin of 9.22%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $28.46 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that NVR will post $139.16 earnings per share for the current fiscal year.
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In other news, CFO Daniel David Malzahn sold 1,500 shares of NVR 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 transaction, the chief financial officer now owns 4,225 shares in the company, valued at approximately $11,316,028.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of NVR stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the completion of the transaction, the insider now owns 5,323 shares in the company, valued at approximately $14,211,877.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,240 shares of company stock worth $11,355,358. Corporate insiders own 11.30% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Toronto Dominion Bank bought a new position in shares of NVR in the 2nd quarter valued at $104,000. US Bancorp DE increased its stake in shares of NVR by 88.0% in 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. increased its stake in shares of NVR by 14.8% in 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. increased its stake in shares of NVR by 13.9% in 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 bought a new position in shares of NVR in the 2nd quarter valued at $200,000. Institutional investors own 79.70% of the company’s stock.
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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