NVR Inc. (NYSE:NVR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “NVR Inc. is a holding company that operates in two business segments; the construction and marketing of homes and in financial services. NVR’s homebuilding operations construct and sell single-family detached homes, townhomes and condominium buildings in two distinct product lines through the two divisions known as Ryan Homes and NVHomes. NVR’s also provides financial services including a mortgage banking operation. NVR’s mortgage banking business generates revenues primarily from origination fees, servicing fees,gains on marketing of loans, title fees, and sales of servicing rights. “
Separately, Credit Suisse Group AG reiterated a “sell” rating on shares of NVR in a report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $1,713.50.
NVR (NYSE:NVR) opened at 1655.00 on Wednesday. The company has a market cap of $6.45 billion, a P/E ratio of 17.08 and a beta of 0.50. NVR has a 52-week low of $1,462.02 and a 52-week high of $1,845.37. The company’s 50 day moving average price is $1,683.28 and its 200 day moving average price is $1,708.75.
NVR (NYSE:NVR) last released its earnings results on Thursday, July 21st. The company reported $22.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.00 by $3.99. NVR had a return on equity of 32.00% and a net margin of 7.53%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. Equities research analysts anticipate that NVR will post $102.08 EPS for the current fiscal year.
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 value of $1,260,229.59. Following the transaction, the director now owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The transaction was disclosed in a document filed 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 shares were sold at an average price of $1,699.19, for a total value of $205,601.99. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at approximately $679,676. The disclosure for this sale can be found here. 10.20% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. purchased a new position in NVR during the fourth quarter valued at approximately $1,283,000. Norges Bank purchased a new position in NVR during the fourth quarter valued at approximately $56,845,000. Aperio Group LLC increased its position in NVR by 17.7% in the first quarter. Aperio Group LLC now owns 1,259 shares of the company’s stock valued at $2,181,000 after buying an additional 189 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in NVR by 1.1% in the first quarter. TIAA CREF Investment Management LLC now owns 78,119 shares of the company’s stock valued at $135,333,000 after buying an additional 838 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in NVR by 1.0% in the first quarter. Prudential Financial Inc. now owns 22,379 shares of the company’s stock valued at $38,769,000 after buying an additional 224 shares during the last quarter. 81.96% of the stock is currently owned by institutional investors.
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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