NVR (NVR) Receiving Favorable News Coverage, Report Finds
Media coverage about NVR (NYSE:NVR) has been trending positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NVR earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.5989487131303 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Winchester St. home, 2.65 acres sell for $1.1 million (fauquiernow.com)
- NVR, Inc. (NVR) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- NVR, Inc. (NVR) Expected to Announce Quarterly Sales of $1.66 Billion (americanbankingnews.com)
- Vineland property sells for $4.3M | South Jersey real estate (nj.com)
Shares of NVR (NVR) traded down 0.69% during midday trading on Tuesday, hitting $2799.61. 17,920 shares of the stock traded hands. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,842.97. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 22.15 and a beta of 0.66. The stock has a 50-day moving average of $2,696.86 and a 200-day moving average of $2,347.45.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating analysts’ consensus estimates of $28.63 by $6.56. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a net margin of 8.67% and a return on equity of 37.43%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $22.01 earnings per share. On average, equities analysts predict that NVR will post $139.24 earnings per share for the current fiscal year.
NVR has been the topic of a number of research analyst reports. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Bank of America Corporation restated a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price on the stock in a research note on Wednesday, June 28th. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Finally, MKM Partners restated a “neutral” rating on shares of NVR in a research note on Tuesday, September 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $2,672.00.
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In related news, Director William Grady Rosier sold 1,250 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total value of $3,338,087.50. Following the completion of the transaction, the director now owns 1,212 shares in the company, valued at $3,236,609.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total transaction of $4,017,525.00. Following the completion of the transaction, the chief financial officer now owns 4,225 shares of the company’s stock, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. Insiders sold 4,240 shares of company stock valued at $11,355,358 in the last 90 days. Company insiders own 11.30% of the company’s stock.
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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