Published on 21 Mar 2023 on Zacks via Yahoo Finance
NVR Reaches 52-Weeks High: Factors That are Aiding the Stock
NVR, Inc. NVR touched a new 52-week high of $5,538.74 on Mar 20, 2023. The stock pulled back to end the trading session at $5,494.47, down 0.16% from the previous day’s closing price of $5,503.NVR has gained 12.1% in the past year, compared with the Zacks Building Products - Home Builders industry’s 13.4% growth, Zacks Construction sector’s 4.5% decline and S&P 500 Index’s 14.3% fall.The company has been reaping benefits from a disciplined business model and by focusing on maximizing liquidity and minimizing risks. These are likely to help NVR generate more returns for shareholders in the long term.Earnings estimates for 2023 have moved up to $394.77 per share from $357.51 over the past 30 days. This positive trend signifies analysts’ bullish sentiments and justifies the company’s Zacks Rank #1 (Strong Buy), indicating robust fundamentals and the expectation of outperformance in the near term.
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