Shares of NVR, Inc. (NYSE:NVR) have been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $3,200.00.
NVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated a “$2,892.50” rating and issued a $3,100.00 target price (down previously from $3,450.00) on shares of NVR in a report on Monday, July 23rd. Zacks Investment Research lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Monday, July 30th. MKM Partners dropped their target price on shares of NVR to $3,100.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Finally, Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 target price on the stock. in a report on Thursday.
In other news, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $2,713.28, for a total transaction of $2,713,280.00. Following the completion of the sale, the insider now directly owns 5,198 shares of the company’s stock, valued at $14,103,629.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eddie Arthur Grier sold 108 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $2,722.12, for a total transaction of $293,988.96. Following the sale, the director now directly owns 193 shares of the company’s stock, valued at $525,369.16. The disclosure for this sale can be found here. Insiders have sold 2,108 shares of company stock worth $5,734,359 in the last quarter. Company insiders own 11.30% of the company’s stock.
NVR stock traded up $14.92 during midday trading on Friday, hitting $2,180.35. The stock had a trading volume of 2,791 shares, compared to its average volume of 36,491. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.82 and a beta of 0.47. The company has a quick ratio of 1.40, a current ratio of 3.67 and a debt-to-equity ratio of 0.37. NVR has a 1-year low of $2,040.71 and a 1-year high of $3,700.00.
NVR (NYSE:NVR) last released its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $50.94 by ($2.66). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. NVR had a net margin of 9.86% and a return on equity of 45.41%. NVR’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $38.02 EPS. Research analysts expect that NVR will post 189.18 earnings per share for the current year.
NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 1st that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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