NVR, Inc. (NVR) Given Consensus Rating of “Hold” by Analysts
Shares of NVR, Inc. (NYSE:NVR) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $3,200.00.
NVR has been the subject of several research analyst reports. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Bank of America cut shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 target price for the company. in a research report on Thursday. MKM Partners dropped their target price on shares of NVR to $3,100.00 and set a “neutral” rating for the company in a research report on Friday, August 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a research report on Friday.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of NVR stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $2,713.28, for a total value of $2,713,280.00. Following the completion of the transaction, the insider now directly owns 5,198 shares of the company’s stock, valued at $14,103,629.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 108 shares of NVR 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 completion of the transaction, 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 sold 2,108 shares of company stock valued at $5,734,359 over the last ninety days. Corporate insiders own 11.30% of the company’s stock.
NVR stock traded up $14.92 during trading hours on Friday, reaching $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 PE ratio of 15.43, a price-to-earnings-growth ratio of 0.82 and a beta of 0.47. NVR has a 52 week low of $2,040.71 and a 52 week high of $3,700.00. 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 (NYSE:NVR) last announced its quarterly earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. NVR had a return on equity of 45.41% and a net margin of 9.86%. NVR’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $38.02 EPS. As a group, sell-side analysts expect that NVR will post 189.18 earnings per share for the current fiscal year.
NVR declared that its Board of Directors has initiated a share repurchase plan on Wednesday, August 1st that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
NVR Company Profile
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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