Key Points
- Director George Oliver purchased 63 NVR shares at an average price of $6,431.51, investing approximately $405,185 and bringing his direct holdings to 63 shares.
- NVR shares opened at $6,423.77 and were reported up 2.1%, with a market capitalization of roughly $17.09 billion. The company’s quarterly revenue fell 10.5% year over year to $2.34 billion.
- Analyst sentiment remains mixed, with three Buy, two Hold and two Sell ratings; the overall consensus is Hold, with an average price target of $7,224.20.
NVR, Inc. (NYSE:NVR - Get Free Report) Director George Oliver acquired 63 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company's stock, valued at $405,185.13. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NVR Trading Up 2.1%
NYSE:NVR opened at $6,423.77 on Wednesday. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The business's 50-day moving average price is $6,441.81 and its two-hundred day moving average price is $6,682.61. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 10.38 and a beta of 0.91.
NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $108.54 EPS. On average, equities analysts expect that NVR, Inc. will post 371.98 earnings per share for the current year.
Hedge Funds Weigh In On NVR
Several institutional investors have recently modified their holdings of NVR. Quadrant Capital Group LLC grew its holdings in NVR by 2.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 87 shares of the construction company's stock worth $699,000 after acquiring an additional 2 shares during the period. Vise Technologies Inc. lifted its stake in shares of NVR by 0.8% in the 3rd quarter. Vise Technologies Inc. now owns 239 shares of the construction company's stock valued at $1,920,000 after purchasing an additional 2 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of NVR by 1.5% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 139 shares of the construction company's stock valued at $1,117,000 after purchasing an additional 2 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company's stock valued at $3,099,000 after purchasing an additional 2 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company's stock valued at $387,000 after purchasing an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on NVR shares. Bank of America decreased their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NVR in a report on Tuesday, August 4th. Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. BTIG Research set a $7,446.00 price target on shares of NVR in a research report on Friday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7,224.20.
View Our Latest Stock Analysis on NVR
NVR Company Profile
(
Get Free Report)
NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.
Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
