NVR, Inc. (NVR) Stock Rating Lowered by ValuEngine

NVR, Inc. (NYSE:NVR) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other brokerages have also recently issued reports on NVR. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, MKM Partners reissued a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. NVR presently has a consensus rating of “Hold” and an average price target of $2,645.00.

Shares of NVR (NYSE NVR) opened at 3223.25 on Friday. The company has a 50-day moving average price of $2,855.62 and a 200 day moving average price of $2,520.35. The company has a market capitalization of $12.06 billion, a P/E ratio of 25.50 and a beta of 0.67. NVR has a 12-month low of $1,478.04 and a 12-month high of $3,294.50.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 39.81%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted $28.46 earnings per share. NVR’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that NVR will post $139.16 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “NVR, Inc. (NVR) Stock Rating Lowered by ValuEngine” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/22/nvr-inc-nvr-stock-rating-lowered-by-valuengine.html.

In other news, Director William Grady Rosier sold 1,250 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the sale, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,240 shares of company stock worth $11,355,358. Corporate insiders own 11.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of NVR by 8.7% during the second quarter. BlackRock Inc. now owns 379,835 shares of the construction company’s stock valued at $915,632,000 after acquiring an additional 30,517 shares during the period. Vanguard Group Inc. increased its stake in shares of NVR by 9.5% during the second quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock valued at $746,196,000 after acquiring an additional 26,827 shares during the period. FMR LLC increased its stake in shares of NVR by 23.3% during the second quarter. FMR LLC now owns 150,964 shares of the construction company’s stock valued at $363,915,000 after acquiring an additional 28,513 shares during the period. State Street Corp increased its stake in shares of NVR by 17.7% during the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock valued at $335,772,000 after acquiring an additional 20,928 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of NVR by 14.0% during the second quarter. Goldman Sachs Group Inc. now owns 51,573 shares of the construction company’s stock valued at $124,322,000 after acquiring an additional 6,330 shares during the period. Institutional investors and hedge funds own 79.70% of the company’s stock.

NVR Company Profile

NVR, Inc is engaged in the construct

A number of other brokerages have also recently issued reports on NVR. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Bank of America Corporation reissued a “buy” rating and issued a $2,690.00 target price (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Finally, MKM Partners reissued a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. NVR presently has a consensus rating of “Hold” and an average price target of $2,645.00.

Shares of NVR (NYSE NVR) opened at 3223.25 on Friday. The company has a 50-day moving average price of $2,855.62 and a 200 day moving average price of $2,520.35. The company has a market capitalization of $12.06 billion, a P/E ratio of 25.50 and a beta of 0.67. NVR has a 12-month low of $1,478.04 and a 12-month high of $3,294.50.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 39.81%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted $28.46 earnings per share. NVR’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that NVR will post $139.16 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “NVR, Inc. (NVR) Stock Rating Lowered by ValuEngine” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/22/nvr-inc-nvr-stock-rating-lowered-by-valuengine.html.

In other news, Director William Grady Rosier sold 1,250 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the sale, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel David Malzahn sold 1,500 shares of NVR stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at approximately $11,316,028.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,240 shares of company stock worth $11,355,358. Corporate insiders own 11.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of NVR by 8.7% during the second quarter. BlackRock Inc. now owns 379,835 shares of the construction company’s stock valued at $915,632,000 after acquiring an additional 30,517 shares during the period. Vanguard Group Inc. increased its stake in shares of NVR by 9.5% during the second quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock valued at $746,196,000 after acquiring an additional 26,827 shares during the period. FMR LLC increased its stake in shares of NVR by 23.3% during the second quarter. FMR LLC now owns 150,964 shares of the construction company’s stock valued at $363,915,000 after acquiring an additional 28,513 shares during the period. State Street Corp increased its stake in shares of NVR by 17.7% during the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock valued at $335,772,000 after acquiring an additional 20,928 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of NVR by 14.0% during the second quarter. Goldman Sachs Group Inc. now owns 51,573 shares of the construction company’s stock valued at $124,322,000 after acquiring an additional 6,330 shares during the period. Institutional investors and hedge funds own 79.70% of the company’s stock.

NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Analyst Recommendations for NVR (NYSE:NVR)

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