Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2,672.00.
A number of brokerages recently issued reports on NVR. MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up previously from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Finally, Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th.
NVR (NYSE:NVR) traded up 1.06% on Friday, reaching $2694.20. The company had a trading volume of 4,617 shares. The stock has a 50 day moving average price of $2,553.95 and a 200 day moving average price of $2,214.49. The stock has a market capitalization of $10.08 billion, a PE ratio of 21.31 and a beta of 0.67. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,748.57.
NVR (NYSE:NVR) last issued its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the company posted $22.01 EPS. The company’s revenue was up 11.3% on a year-over-year basis. Analysts expect that NVR will post $139.24 EPS for the current year.
In other NVR news, CEO Paul C. Saville sold 2,086 shares of NVR stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the transaction, the chief executive officer now owns 118,066 shares in the company, valued at approximately $273,332,235.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan Williamson Ross purchased 30 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $2,253.43 per share, for a total transaction of $67,602.90. Following the acquisition, the director now owns 30 shares in the company, valued at $67,602.90. The disclosure for this purchase can be found here. In the last quarter, insiders sold 7,161 shares of company stock worth $17,949,273. 11.30% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the period. Huntington National Bank raised 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 bought a new position in shares of NVR during the first quarter worth $124,000. PNC Financial Services Group Inc. raised its position in shares of 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 during the period. Finally, James Investment Research Inc. bought a new position in shares of NVR during the first quarter worth $158,000. Institutional investors own 77.85% of the company’s stock.
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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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