NVR (NVR) Sets New 52-Week Low at $2,302.02

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NVR, Inc. (NYSE:NVR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2,302.02 and last traded at $2,310.20, with a volume of 898 shares. The stock had previously closed at $2,349.29.

Several research analysts have issued reports on NVR shares. JPMorgan Chase & Co. reiterated a “$2,892.50” rating and set a $3,100.00 price objective (down from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. MKM Partners decreased their target price on NVR to $3,100.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Finally, ValuEngine cut NVR from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3,341.50.

The company has a quick ratio of 1.40, a current ratio of 3.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $8.96 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.

NVR (NYSE:NVR) last announced its earnings results on Friday, July 20th. The construction company reported $49.05 EPS for the quarter, topping the consensus estimate of $46.21 by $2.84. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.82 billion. NVR had a return on equity of 45.41% and a net margin of 9.86%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $35.19 earnings per share. On average, equities analysts forecast that NVR, Inc. will post 189.18 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 1st that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, Director Eddie Arthur Grier sold 108 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $2,722.12, for a total transaction of $293,988.96. Following the sale, the director now owns 193 shares in the company, valued at $525,369.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $2,727.09, for a total value of $2,727,090.00. Following the sale, the insider now owns 5,198 shares in the company, valued at approximately $14,175,413.82. The disclosure for this sale can be found here. Insiders have sold 2,108 shares of company stock worth $5,734,359 in the last 90 days. Company insiders own 12.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in NVR by 6.8% in the second quarter. PNC Financial Services Group Inc. now owns 484 shares of the construction company’s stock valued at $1,439,000 after acquiring an additional 31 shares during the last quarter. USS Investment Management Ltd boosted its holdings in NVR by 44.2% in the second quarter. USS Investment Management Ltd now owns 35,334 shares of the construction company’s stock valued at $104,954,000 after acquiring an additional 10,830 shares during the last quarter. Andra AP fonden boosted its holdings in NVR by 10.3% in the second quarter. Andra AP fonden now owns 3,210 shares of the construction company’s stock valued at $9,535,000 after acquiring an additional 300 shares during the last quarter. Hartford Investment Management Co. bought a new position in NVR in the second quarter valued at about $419,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in NVR in the second quarter valued at about $475,000. Institutional investors and hedge funds own 78.08% of the company’s stock.

NVR Company Profile (NYSE:NVR)

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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