NVR (NYSE:NVR) Reaches New 1-Year High at $6,095.43

Posted by Defense World Staff on Jun 25th, 2023

Shares of NVR, Inc. (NYSE:NVR – Get Rating) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $6,095.43 and last traded at $6,064.93, with a volume of 1830 shares traded. The stock had previously closed at $6,062.57.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of NVR in a research note on Wednesday, May 31st. They issued a “sell” rating and a $4,400.00 price objective for the company. Finally, Seaport Res Ptn reaffirmed a “buy” rating on shares of NVR in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4,863.33.

NVR Stock Up 1.6 %

The firm has a market cap of $20.00 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.45 and a beta of 0.99. The firm’s 50 day moving average price is $5,820.54 and its two-hundred day moving average price is $5,353.24. 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 announced its quarterly earnings data on Tuesday, April 25th. The construction company reported $99.89 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $116.56 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that NVR, Inc. will post 408.58 earnings per share for the current fiscal year.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction on 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 owns 230 shares in the company, valued at approximately $1,371,950. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction 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 transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,371,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Paul C. Saville sold 3,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $5,800.54, for a total transaction of $17,401,620.00. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $619,845,704.40. The disclosure for this sale can be found here. Insiders sold a total of 13,310 shares of company stock valued at $77,730,646 in the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently modified their holdings of NVR. American Century Companies Inc. grew its position 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 buying an additional 23 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of 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 valued at $1,957,000 after buying an additional 27 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of NVR by 2.1% during the 1st quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock valued at $2,381,000 after buying an additional 11 shares during the last quarter. Raymond James Trust N.A. boosted its stake in NVR by 8.6% during the 1st quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock valued at $393,000 after purchasing an additional 7 shares during the period. Finally, Prudential PLC acquired a new position in NVR during the 1st quarter valued at about $357,000. Institutional investors own 83.53% of the company’s stock.

About NVR

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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.