NVR Inc. (NVR) Sets New 1-Year High at $1,822.43
NVR Inc. (NYSE:NVR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $1,822.43 and last traded at $1,813.02, with a volume of 14,301 shares traded. The stock had previously closed at $1,788.20.
NVR has been the topic of a number of research reports. Zacks Investment Research downgraded NVR from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Sterne Agee CRT restated a “neutral” rating on shares of NVR in a report on Monday, May 16th. Finally, Credit Suisse Group AG restated a “sell” rating on shares of NVR in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. NVR has a consensus rating of “Hold” and a consensus price target of $1,650.80.
The company has a market cap of $7.13 billion and a P/E ratio of 18.92. The company’s 50-day moving average is $1,729.31 and its 200 day moving average is $1,668.54.
NVR (NYSE:NVR) last issued its earnings results on Thursday, April 21st. The company reported $15.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $14.96 by $0.83. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $9.22 EPS. NVR’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts forecast that NVR Inc. will post $108.79 EPS for the current year.
In other NVR news, Director Manuel H. Johnson sold 300 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $1,716.80, for a total transaction of $515,040.00. Following the transaction, the director now owns 521 shares in the company, valued at $894,452.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alfred E. Festa sold 1,592 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $1,625.00, for a total value of $2,587,000.00. Following the transaction, the director now owns 2,413 shares in the company, valued at approximately $3,921,125. The disclosure for this sale can be found here.
A number of institutional investors recently modified their holdings of NVR. Herndon Capital Management LLC boosted its position in shares of NVR by 4.1% in the fourth quarter. Herndon Capital Management LLC now owns 729 shares of the company’s stock worth $1,198,000 after buying an additional 29 shares during the period. Suntrust Banks Inc. boosted its position in shares of NVR by 9.0% in the fourth quarter. Suntrust Banks Inc. now owns 1,228 shares of the company’s stock worth $2,017,000 after buying an additional 101 shares during the period. California Public Employees Retirement System boosted its position in shares of NVR by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 15,730 shares of the company’s stock worth $25,844,000 after buying an additional 200 shares during the period. Profund Advisors LLC boosted its position in shares of NVR by 52.8% in the fourth quarter. Profund Advisors LLC now owns 810 shares of the company’s stock worth $1,331,000 after buying an additional 280 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of NVR by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,933 shares of the company’s stock worth $17,963,000 after buying an additional 304 shares during the period.
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 through its wholly owned subsidiary, NVR Mortgage Finance, Inc (NVRM). The Company provides single-family detached homes, townhomes and condominium buildings with basic home designs.
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