NVR (NYSE:NVR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of NVR (NYSE:NVR) from a sell rating to a hold rating in a report issued on Saturday.

Several other analysts also recently weighed in on the company. Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday. UBS Group cut their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Bank of America cut their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

NVR Stock Down 0.6%

Shares of NVR stock opened at $5,973.63 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 3.71. The company has a 50-day moving average of $6,692.26 and a 200 day moving average of $7,212.09. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 4.34 and a beta of 0.95. NVR has a 1 year low of $5,930.00 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $94.83 earnings per share. As a group, sell-side analysts anticipate that NVR will post 380.26 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.60% of the stock is currently owned by insiders.

Institutional Trading of NVR

Institutional investors have recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of NVR during the 4th quarter valued at about $11,610,000. Principal Financial Group Inc. boosted its holdings in shares of NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after acquiring an additional 2,331 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of NVR by 262.2% during the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after acquiring an additional 679 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after acquiring an additional 925 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of NVR during the 3rd quarter valued at about $691,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Company Profile

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.