A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised NVR from a strong sell rating to a hold rating in a research report on Wednesday, September 21st. Credit Suisse Group AG reaffirmed a sell rating on shares of NVR in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. NVR currently has an average rating of Hold and a consensus price target of $1,713.50.
NVR (NYSE:NVR) opened at 1639.87 on Wednesday. NVR has a one year low of $1,462.02 and a one year high of $1,845.37. The company has a market capitalization of $6.39 billion, a PE ratio of 16.93 and a beta of 0.47. The company has a 50-day moving average price of $1,673.19 and a 200-day moving average price of $1,708.53.
NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 21st. The company reported $22.01 EPS for the quarter, missing analysts’ consensus estimates of $26.00 by $3.99. The business earned $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. NVR had a return on equity of 32.00% and a net margin of 7.53%. Analysts expect that NVR will post $102.14 earnings per share for the current fiscal year.
In other news, Director William Grady Rosier sold 729 shares of the business’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 sale, the director now directly owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel H. Johnson sold 121 shares of the business’s 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 sale, the director now directly owns 400 shares in the company, valued at $679,676. The disclosure for this sale can be found here. Insiders own 10.20% of the company’s stock.
Several large investors have recently made changes to their positions in NVR. Mason Street Advisors LLC bought a new stake in shares of NVR during the second quarter worth $2,975,000. Royal Bank of Canada raised its stake in shares of NVR by 24.7% in the second quarter. Royal Bank of Canada now owns 4,745 shares of the company’s stock worth $8,449,000 after buying an additional 939 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of NVR by 9.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,169 shares of the company’s stock worth $18,105,000 after buying an additional 850 shares during the period. Stifel Financial Corp raised its stake in shares of NVR by 6.9% in the second quarter. Stifel Financial Corp now owns 495 shares of the company’s stock worth $883,000 after buying an additional 32 shares during the period. Finally, Amalgamated Bank raised its stake in shares of NVR by 23.0% in the second quarter. Amalgamated Bank now owns 614 shares of the company’s stock worth $1,049,000 after buying an additional 115 shares during the period. 81.96% of the stock is currently owned by hedge funds and other 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 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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