NVR Inc. (NVR) Earns Market Perform Rating from Analysts at Wells Fargo & Co.
Analysts at Wells Fargo & Co. assumed coverage on shares of NVR Inc. (NYSE:NVR) in a research note issued on Wednesday. The firm set a “market perform” rating on the stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 21st. Credit Suisse Group AG restated a “sell” rating on shares of NVR in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $1,713.50.
NVR (NYSE:NVR) traded up 0.06% on Wednesday, reaching $1644.98. 16,084 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $1,678.66 and a 200-day moving average price of $1,709.60. NVR has a 1-year low of $1,462.02 and a 1-year high of $1,845.37. The company has a market capitalization of $6.41 billion, a P/E ratio of 16.98 and a beta of 0.50.
NVR (NYSE:NVR) last announced its quarterly earnings data 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 firm earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Equities research analysts expect that NVR will post $102.08 earnings per share for the current year.
In related news, Director Manuel H. Johnson sold 121 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total transaction of $205,601.99. Following the completion of the sale, the director now owns 400 shares in the company, valued at approximately $679,676. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Grady Rosier sold 729 shares of the stock in a transaction 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 sale, the director now owns 4,153 shares of the company’s stock, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of NVR by 5,499.1% in the second quarter. Riverhead Capital Management LLC now owns 44,121 shares of the company’s stock worth $1,192,000 after buying an additional 43,333 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of NVR by 142.8% in the second quarter. Victory Capital Management Inc. now owns 59,876 shares of the company’s stock worth $106,599,000 after buying an additional 35,218 shares in the last quarter. Norges Bank acquired a new stake in shares of NVR during the fourth quarter worth $56,845,000. Canada Pension Plan Investment Board boosted its stake in shares of NVR by 57.6% in the second quarter. Canada Pension Plan Investment Board now owns 67,250 shares of the company’s stock worth $119,728,000 after buying an additional 24,590 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of NVR during the second quarter worth $33,061,000. Hedge funds and other institutional investors own 81.96% of the company’s stock.
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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