NVR (NYSE:NVR) Hits New 52-Week High at $6,000.00

Posted by on Jun 18th, 2023

NVR, Inc. (NYSE:NVR – Get Rating) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $6,000.00 and last traded at $5,974.82, with a volume of 3285 shares. The stock had previously closed at $5,944.96.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVR. Deutsche Bank Aktiengesellschaft began coverage on shares of NVR in a research note on Wednesday, May 31st. They set a “sell” rating and a $4,400.00 target price for the company. Seaport Res Ptn restated a “buy” rating on shares of NVR in a research note on Wednesday. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4,863.33.

NVR Trading Up 0.8 %

The firm has a market capitalization of $19.47 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. The business’s 50-day moving average is $5,773.32 and its 200 day moving average is $5,304.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.75 and a quick ratio of 3.63.

NVR (NYSE:NVR – Get Rating) last released its earnings results on Tuesday, April 25th. The construction company reported $99.89 EPS for the quarter, beating the consensus estimate of $88.96 by $10.93. NVR had a net margin of 16.20% and a return on equity of 48.97%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $116.56 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, analysts anticipate that NVR, Inc. will post 410.48 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 150 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $5,965.00, for a total value of $894,750.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,371,950. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $5,965.00, for a total transaction of $894,750.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,371,950. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel David Malzahn sold 1,667 shares of NVR stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $5,759.88, for a total transaction of $9,601,719.96. Following the sale, the chief financial officer now directly owns 8,309 shares in the company, valued at $47,858,842.92. The disclosure for this sale can be found here. Insiders have sold a total of 13,310 shares of company stock valued at $77,730,646 in the last ninety days. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

Several hedge funds and other institutional investors have recently made changes to their positions in NVR. American Century Companies Inc. grew its holdings in shares of NVR by 4.5% during the 1st quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock valued at $2,386,000 after purchasing an additional 23 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in NVR by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock worth $1,957,000 after buying an additional 27 shares during the period. Yousif Capital Management LLC boosted its position in NVR by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock worth $2,381,000 after buying an additional 11 shares during the period. Raymond James Trust N.A. boosted its position in NVR by 8.6% during the 1st quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after buying an additional 7 shares during the period. Finally, Prudential PLC acquired a new stake in NVR during the 1st quarter worth approximately $357,000. 82.96% of the stock is owned by institutional investors.

NVR Company Profile

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NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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