NVR (NYSE:NVR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.
A number of other research analysts have also issued reports on NVR. Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd.
View Our Latest Research Report on NVR
NVR Stock Up 0.9 %
NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $125.26 earnings per share. Research analysts predict that NVR will post 496.62 EPS for the current year.
Insiders Place Their Bets
In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV grew its holdings in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR in the third quarter valued at about $39,000. Rakuten Securities Inc. acquired a new stake in NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC bought a new position in NVR during the second quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in NVR in the 2nd quarter valued at approximately $53,000. 83.67% of the stock is owned by hedge funds and other institutional investors.
About NVR
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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