Weiss Ratings Reiterates "Hold (C+)" Rating for NVR (NYSE:NVR)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for NVR (NYSE:NVR), indicating cautious sentiment among analysts regarding its stock performance.
• Recent price target adjustments by analysts include UBS Group raising it to $8,150 and JPMorgan Chase & Co. to $7,600, suggesting a generally positive outlook despite challenges.
• NVR's stock experienced a 0.8% decline in trading, closing at $7,693.65, while its earnings report showed revenue growth but a decrease in EPS compared to the previous year.

NVR (NYSE:NVR - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also issued reports on the stock. UBS Group raised their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Trading Down 0.8%

NYSE:NVR traded down $63.18 during trading hours on Wednesday, reaching $7,693.65. The company's stock had a trading volume of 951 shares, compared to its average volume of 22,031. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 10.90 and a beta of 0.94. The firm has a 50-day simple moving average of $8,093.71 and a 200-day simple moving average of $7,558.26. NVR has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $120.69 EPS. Research analysts expect that NVR will post 505.2 EPS for the current fiscal year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 975 shares of company stock valued at $7,869,360. Corporate insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On NVR

Several hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc purchased a new position in NVR in the second quarter worth about $30,000. Olde Wealth Management LLC purchased a new position in NVR in the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the first quarter worth about $36,000. Ridgewood Investments LLC raised its holdings in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after buying an additional 3 shares during the last quarter. Finally, SouthState Corp purchased a new position in NVR in the first quarter worth about $36,000. Institutional investors own 83.67% of the company's stock.

NVR Company Profile

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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