NVR (NYSE:NVR) Hits New 52-Week Low – Time to Sell?

NVR, Inc. (NYSE:NVR)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $6,357.45 and last traded at $6,392.6650, with a volume of 13096 shares changing hands. The stock had previously closed at $6,482.82.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a report on Thursday, January 29th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. BTIG Research began coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. UBS Group set a $8,100.00 price objective on shares of NVR in a report on Friday, February 13th. Finally, Truist Financial began coverage on shares of NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8,182.83.

NVR Stock Down 1.8%

The stock has a 50 day moving average price of $7,443.85 and a 200 day moving average price of $7,569.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The company has a market capitalization of $17.77 billion, a P/E ratio of 14.57, a PEG ratio of 2.24 and a beta of 1.04.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $139.93 earnings per share. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. This represents a 34.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last ninety days. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its holdings in NVR by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 185 shares of the construction company’s stock valued at $1,349,000 after acquiring an additional 48 shares during the period. Meadowbrook Advisors Group LLC bought a new stake in shares of NVR during the 4th quarter valued at $868,000. Corient Private Wealth LLC lifted its holdings in NVR by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 9,116 shares of the construction company’s stock worth $66,481,000 after purchasing an additional 136 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in NVR by 1.0% in the 4th quarter. Pure Financial Advisors LLC now owns 311 shares of the construction company’s stock worth $2,268,000 after purchasing an additional 3 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in NVR during the 4th quarter valued at about $102,000. 83.67% of the stock is owned by 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.