NVR (NVR) Getting Somewhat Positive Press Coverage, Report Shows

News stories about NVR (NYSE:NVR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NVR earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 45.8909477955446 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently commented on NVR. ValuEngine downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Finally, UBS lifted their price target on shares of NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3,119.25.

Shares of NVR stock traded down $101.98 during midday trading on Thursday, reaching $2,988.02. 23,359 shares of the company traded hands, compared to its average volume of 34,443. NVR has a 1-year low of $2,028.99 and a 1-year high of $3,700.00. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37. The company has a market cap of $11,690.95, a price-to-earnings ratio of 21.11, a PEG ratio of 1.10 and a beta of 0.63.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $37.80 earnings per share. NVR’s revenue was up 3.6% on a year-over-year basis. sell-side analysts forecast that NVR will post 188.66 earnings per share for the current fiscal year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 14th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In other news, Director William Grady Rosier sold 650 shares of NVR stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the completion of the sale, the director now directly owns 1,862 shares in the company, valued at approximately $5,857,665.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Melquiades R. Martinez sold 47 shares of NVR stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the sale, the director now owns 178 shares of the company’s stock, valued at $534,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,097 shares of company stock valued at $3,373,063. Insiders own 11.30% of the company’s stock.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Insider Buying and Selling by Quarter for NVR (NYSE:NVR)

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