NVR, Inc. (NVR) Upgraded at ValuEngine
NVR, Inc. (NYSE:NVR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other equities research analysts have also weighed in on the company. MKM Partners reaffirmed a “neutral” rating and issued a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target on the stock in a report on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NVR currently has a consensus rating of “Hold” and an average target price of $2,672.00.
NVR (NYSE NVR) opened at 2708.21 on Friday. The company has a 50-day moving average of $2,661.86 and a 200-day moving average of $2,311.35. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of 21.42 and a beta of 0.67. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,775.52.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts expect that NVR will post $139.24 EPS for the current year.
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In other news, Director Eddie Arthur Grier sold 165 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the transaction, the director now directly owns 340 shares of the company’s stock, valued at $911,968.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $2,669.90, for a total value of $2,669,900.00. Following the transaction, the insider now directly owns 5,323 shares in the company, valued at $14,211,877.70. The disclosure for this sale can be found here. Insiders have sold 4,240 shares of company stock worth $11,355,358 over the last three months. Corporate insiders own 11.30% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Achmea Investment Management B.V. acquired a new position in shares of NVR during the second quarter worth approximately $1,052,000. Toronto Dominion Bank acquired a new position in shares of NVR during the second quarter worth approximately $104,000. Ameritas Investment Partners Inc. raised its position in shares of NVR by 2.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,043 shares of the construction company’s stock worth $2,514,000 after buying an additional 28 shares during the period. Castleark Management LLC acquired a new position in shares of NVR during the second quarter worth approximately $277,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of NVR by 10.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the construction company’s stock worth $2,712,000 after buying an additional 104 shares during the period. 79.76% of the stock is currently owned by institutional investors.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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