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If the homebuilding market is in a recession someone forgot to tell NVR (NVR). The Relative Strength (RS) Rating for NVR stock just entered a new, higher percentile Thursday, with an increase from 77 to 82.
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NVR’s Other Main Ratings Shine
The upwardly revised RS Rating means that NVR stock has outperformed 82% of all stocks over the past 52 weeks. Among other key ratings, the metropolitan Washington D.C.-based company has a terrific 97 Earnings Per Share Rating, of 99, and an excellent 95 Composite Rating.
The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
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NVR stock dipped to 3,576.01 on June 17 amid the 2022 bear market, but it’s fought its way back. It closed Thursday at 4,694.28, down fractionally for the day. That’s a more than 31% gain in just under six months. The builder of single family homes, townhomes and condominiums is not currently showing a potential entry point. See if the stock watchlist candidate goes on to build a sound pattern that could kick off a new price move.
Double-Digit Profit, Sales Growth Quarters
NVR reported an 18% increase in earnings last quarter, to $118.51 per share, its fourth quarter of double-digit EPS growth ranging up to 84%. Revenue grew 17% to $2.74 billion.
The company earns the No. 2 rank among its peers in the Building-Residential/Commercial industry group. Green Brick Partners (GRBK) and Lennar (LEN) are also among the group’s highest-rated stocks.
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Image and article originally from www.investors.com. Read the original article here.