Wells Fargo & Co. assumed coverage on shares of NVR Inc. (NYSE:NVR) in a report released on Wednesday morning, The Fly reports. The firm issued a market perform rating on the stock.
A number of other research firms have also recently commented on NVR. Credit Suisse Group AG restated a sell rating on shares of NVR in a research report on Tuesday, July 12th. Zacks Investment Research cut NVR from a hold rating to a sell rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $1,713.50.
NVR (NYSE:NVR) opened at 1644.98 on Wednesday. NVR has a 12 month low of $1,462.02 and a 12 month high of $1,845.37. The stock has a market capitalization of $6.41 billion, a P/E ratio of 16.98 and a beta of 0.50. The stock has a 50 day moving average price of $1,676.94 and a 200 day moving average price of $1,709.13.
NVR (NYSE:NVR) last posted its earnings results on Thursday, July 21st. The company reported $22.01 EPS for the quarter, missing the Zacks’ 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 had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities analysts predict that NVR will post $102.08 EPS for the current fiscal year.
In related news, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction dated 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 sale, the director now directly owns 400 shares in the company, valued at approximately $679,676. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Grady Rosier sold 729 shares of NVR stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total value of $1,260,229.59. Following the completion of the sale, the director now owns 4,153 shares in the company, valued at $7,179,332.63. The disclosure for this sale can be found here. 10.20% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the company. Concert Wealth Management Inc. raised its position in NVR by 2.3% in the second quarter. Concert Wealth Management Inc. now owns 135 shares of the company’s stock worth $244,000 after buying an additional 3 shares during the period. Shell Asset Management Co. raised its position in NVR by 1.5% in the second quarter. Shell Asset Management Co. now owns 273 shares of the company’s stock worth $486,000 after buying an additional 4 shares during the period. Creative Planning raised its position in NVR by 0.6% in the second quarter. Creative Planning now owns 805 shares of the company’s stock worth $1,433,000 after buying an additional 5 shares during the period. Oakbrook Investments LLC raised its position in NVR by 1.4% in the second quarter. Oakbrook Investments LLC now owns 355 shares of the company’s stock worth $632,000 after buying an additional 5 shares during the period. Finally, Checchi Capital Advisers LLC raised its position in 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 period. Institutional investors own 81.96% 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 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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