NVR, Inc. (NVR) Receives Average Rating of “Hold” from Brokerages
Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has 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 target price among brokers that have covered the stock in the last year is $3,316.67.
NVR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “$2,892.50” rating and issued a $3,100.00 price objective (down from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Zacks Investment Research raised NVR from a “sell” rating to a “hold” rating in a research note on Thursday. MKM Partners dropped their price objective on NVR to $3,100.00 and set a “neutral” rating on the stock in a research note on Friday, August 3rd. Finally, ValuEngine downgraded NVR from a “hold” rating to a “sell” rating in a research note on Monday, July 30th.
In related news, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $2,713.28, for a total transaction of $2,713,280.00. Following the transaction, the insider now directly owns 5,198 shares of the company’s stock, valued at approximately $14,103,629.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 108 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $2,722.12, for a total value of $293,988.96. Following the transaction, the director now directly owns 193 shares in the company, valued at $525,369.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,108 shares of company stock worth $5,734,359. 12.00% of the stock is owned by company insiders.
Shares of NYSE:NVR traded down $4.50 during midday trading on Wednesday, reaching $2,579.42. The company’s stock had a trading volume of 719 shares, compared to its average volume of 21,991. The company has a market capitalization of $9.37 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.67 and a quick ratio of 1.40. NVR has a fifty-two week low of $2,558.27 and a fifty-two week high of $3,700.00.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 20th. The construction company reported $49.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $46.21 by $2.84. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.82 billion. NVR had a return on equity of 45.41% and a net margin of 9.86%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $35.19 EPS. analysts anticipate that NVR will post 189.18 EPS for the current year.
NVR declared that its board has authorized a share repurchase program on Wednesday, August 1st that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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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