NVR, Inc. (NVR) Stock Rating Reaffirmed by MKM Partners
NVR, Inc. (NYSE:NVR)‘s stock had its “neutral” rating reaffirmed by MKM Partners in a research report issued to clients and investors on Tuesday.
A number of other research firms have also weighed in on NVR. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, Bank of America Corporation reissued a “buy” rating and set a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. NVR currently has an average rating of “Hold” and a consensus price target of $2,672.00.
NVR (NYSE NVR) opened at 2704.00 on Tuesday. The company has a market capitalization of $10.12 billion, a P/E ratio of 21.39 and a beta of 0.66. The stock’s 50 day moving average price is $2,676.72 and its 200-day moving average price is $2,329.17. 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 quarterly earnings results on Friday, July 21st. The construction company reported $35.19 EPS 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 during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business earned $22.01 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts predict that NVR will post $139.24 earnings per share for the current fiscal year.
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In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the transaction, the insider now owns 5,323 shares of the company’s stock, valued at $14,211,877.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Grady Rosier sold 1,250 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the transaction, the director now directly owns 1,212 shares in the company, valued at approximately $3,236,609.64. The disclosure for this sale can be found here. Insiders have sold 4,240 shares of company stock worth $11,355,358 in the last three months. 11.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new position in NVR during the second quarter worth $104,000. US Bancorp DE boosted its stake in NVR by 88.0% during the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in NVR during the first quarter worth $124,000. PNC Financial Services Group Inc. boosted its stake in NVR by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in NVR by 13.9% during the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after buying an additional 10 shares during the last quarter. 79.77% 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’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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