NVR Inc. (NYSE:NVR) Receives $1,747.50 Consensus PT from Analysts
NVR Inc. (NYSE:NVR) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $1,747.50.
Several equities analysts recently issued reports on the stock. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a research note on Tuesday, July 12th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. assumed coverage on shares of NVR in a research note on Wednesday, September 28th. They set a “market perform” rating on the stock.
In other news, Director Manuel H. Johnson sold 121 shares of the firm’s stock in a transaction 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 transaction, the director now owns 400 shares of the company’s stock, valued at approximately $679,676. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Grady Rosier sold 729 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the completion of the transaction, the director now directly owns 4,153 shares in the company, valued at approximately $7,179,332.63. The disclosure for this sale can be found here. Company insiders own 10.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of NVR during the first quarter worth approximately $104,000. Quantbot Technologies LP acquired a new position in shares of NVR during the second quarter worth approximately $140,000. Checchi Capital Advisers LLC increased 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 in the last quarter. Invictus RG increased 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 in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of NVR during the second quarter worth approximately $169,000. 81.96% of the stock is currently owned by institutional investors and hedge funds.
NVR (NYSE:NVR) opened at 1640.77 on Thursday. NVR has a 52 week low of $1,462.02 and a 52 week high of $1,845.37. The firm has a market cap of $6.39 billion, a P/E ratio of 16.94 and a beta of 0.47. The company’s 50 day moving average is $1,671.53 and its 200-day moving average is $1,708.50.
NVR (NYSE:NVR) last announced its quarterly earnings data 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. NVR had a net margin of 7.53% and a return on equity of 32.00%. Equities analysts expect that NVR will post $102.14 earnings per share for the current year.
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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