NVR Inc. (NYSE:NVR) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $1,747.50.
A number of research analysts recently commented on the stock. Credit Suisse Group AG reaffirmed a “sell” rating on shares of NVR in a research report on Tuesday, July 12th. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. Finally, Wells Fargo & Co. assumed coverage on shares of NVR in a research report on Wednesday, September 28th. They set a “market perform” rating on the stock.
Shares of NVR (NYSE:NVR) opened at 1640.77 on Thursday. The firm has a market capitalization of $6.39 billion, a price-to-earnings 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 has a 12-month low of $1,462.02 and a 12-month high of $1,845.37.
NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 21st. The company reported $22.01 EPS for the quarter, missing the Zacks’ consensus estimate of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. On average, equities analysts forecast that NVR will post $102.14 earnings per share for the current fiscal year.
In other NVR news, Director William Grady Rosier sold 729 shares of NVR stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $1,728.71, for a total value of $1,260,229.59. Following the completion of the sale, the director now directly owns 4,153 shares in the company, valued at $7,179,332.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction that occurred 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 completion of the sale, the director now owns 400 shares of the company’s stock, valued at $679,676. The disclosure for this sale can be found here. 10.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of NVR. Picton Mahoney Asset Management boosted its stake in NVR by 232.3% in the first quarter. Picton Mahoney Asset Management now owns 4,948 shares of the company’s stock worth $8,570,000 after buying an additional 3,459 shares during the period. M&T Bank Corp boosted its stake in NVR by 10.3% in the first quarter. M&T Bank Corp now owns 968 shares of the company’s stock worth $1,677,000 after buying an additional 90 shares during the period. Menta Capital LLC boosted its stake in NVR by 99.3% in the first quarter. Menta Capital LLC now owns 1,457 shares of the company’s stock worth $2,524,000 after buying an additional 726 shares during the period. Acrospire Investment Management LLC acquired a new stake in NVR during the first quarter worth about $104,000. Finally, JPMorgan Chase & Co. boosted its stake in NVR by 159.9% in the first quarter. JPMorgan Chase & Co. now owns 30,111 shares of the company’s stock worth $52,166,000 after buying an additional 18,525 shares during the period. Hedge funds and other institutional investors own 81.96% 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 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).
Receive News & Ratings for NVR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.