NVR (NYSE:NVR) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of NVR (NYSE:NVR) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other analysts have also recently issued reports on the stock. Bank of America dropped their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. BTIG Research initiated coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. Finally, UBS Group lowered their price objective on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8,443.00.

NVR Trading Down 1.0%

Shares of NVR stock opened at $7,547.55 on Friday. The firm has a 50-day simple moving average of $7,411.06 and a two-hundred day simple moving average of $7,690.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.16 and a current ratio of 5.96. NVR has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The company has a market cap of $21.43 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 10.26 and a beta of 1.01.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $130.50 EPS. As a group, equities analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito purchased 14 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the purchase, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new position in shares of NVR during the second quarter worth $30,000. Blue Trust Inc. boosted its holdings in NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares during the period. Assetmark Inc. grew its position in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares in the last quarter. State of Wyoming purchased a new stake in NVR during the second quarter worth about $44,000. Finally, USA Financial Formulas increased its stake in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.