How Are Lennar And NVR Gaining Market Share Even As Homebuilder Demand Plummets?
Despite a sharp decline in homebuilder demand, Lennar Corp (NYSE: LEN) and NVR, Inc. (NYSE: NVR) have been able to gain market share in the housing market.
What’s More Expensive: Buying A House, Or Building One?
The housing market has been top-of-mind for new and would-be homeowners for months, as the Federal Reserve’s aggressive rate hike campaign has kept mortgage rates at highs last seen since 2007.
And it’s not just expensive borrowing costs keeping people in their apartments.
Keybanc Maintains Overweight on NVR, Raises Price Target to $6000
Keybanc analyst Kenneth Zener maintains NVR (NYSE:NVR) with a Overweight and raises the price target from $5120 to $6000.
Why NVR Shares Are Trading Higher Today?
NVR (NYSE: NVR) shares are trading higher after the company reported better-than-expected Q4 results.
NVR Q4 EPS $133.44 Beats $98.88 Estimate, Sales $2.71B Beat $2.44B Estimate
NVR (NYSE:NVR) reported quarterly earnings of $133.44 per share which beat the analyst consensus estimate of $98.88 by 34.95 percent. This is a 49.78 percent increase over earnings of $89.09 per share from the same
Analyst Upgrades PulteGroup And Lennar, Names Top Homebuilder Stock Pick For 2023
Home may be where the heart is, but last year’s housing market conditions began to break them.
Recap: NVR Q3 Earnings
NVR (NYSE:NVR) reported its Q3 earnings results on Tuesday, October 25, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Earnings
NVR missed estimated earnings by 2.63%, reporting an EPS of $118.51 versus an estimate of $121.71.
How Scary Is The Housing Market? High Mortgage Rates, Low Builder Confidence Have Buyers Spooked
Mortgage demand is at its lowest level since 1997, hurting home-builder confidence.
In fact, builder sentiment is so bad, it declined for the ninth consecutive month, according to a new study. And it's getting worse.
This Analyst Slashes PT On Western Digital By Around 27%? Plus Keybanc Predicts $4,800 For This Stock
Barclays cut the price target for Western Digital Corporation (NASDAQ: WDC) from $55 to $40. Western Digital shares fell 0.6% to trade at $36.97 on Monday.
4 Analysts Have This to Say About NVR
Over the past 3 months, 4 analysts have published their opinion on NVR (NYSE:NVR) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.