NVR Inc. (NYSE:NVR) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $1,747.50.
Several brokerages have issued reports on NVR. Zacks Investment Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Finally, Wells Fargo & Co. began coverage on NVR in a research note on Wednesday. They issued a “market perform” rating on the stock.
In other news, Director William Grady Rosier sold 729 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the transaction, the director now directly owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel H. Johnson sold 121 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $1,699.19, for a total value of $205,601.99. Following the transaction, the director now directly owns 400 shares in the company, valued at $679,676. The disclosure for this sale can be found here. Insiders own 10.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in shares of NVR during the first quarter worth $104,000. Quantbot Technologies LP purchased a new position in shares of NVR during the second quarter worth $140,000. Checchi Capital Advisers LLC raised its position in shares of NVR by 7.5% in the second quarter. Checchi Capital Advisers LLC now owns 86 shares of the company’s stock worth $153,000 after buying an additional 6 shares during the last quarter. Invictus RG raised its position in shares of NVR by 370.0% in the first quarter. Invictus RG now owns 94 shares of the company’s stock worth $163,000 after buying an additional 74 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of NVR during the second quarter worth $169,000. 81.96% of the stock is currently owned by institutional investors.
NVR (NYSE:NVR) opened at 1639.87 on Thursday. The company has a market capitalization of $6.39 billion, a PE ratio of 16.93 and a beta of 0.50. The firm’s 50-day moving average is $1,673.19 and its 200-day moving average is $1,708.53. NVR has a 52-week low of $1,462.02 and a 52-week high of $1,845.37.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The business earned $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. On average, equities research analysts forecast that NVR will post $102.14 EPS for the current year.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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