NVR (NYSE:NVR) Upgraded by Wall Street Zen to “Hold” Rating

NVR (NYSE:NVR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued research reports about the company. UBS Group upped their target price on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Price Performance

Shares of NVR opened at $7,851.42 on Friday. NVR has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The stock’s 50 day moving average is $7,479.26 and its two-hundred day moving average is $7,368.67. The firm has a market capitalization of $22.53 billion, a PE ratio of 16.57, a P/E/G ratio of 11.13 and a beta of 0.94. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $120.69 EPS. Research analysts anticipate that NVR will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of large investors have recently bought and sold shares of NVR. Brighton Jones LLC lifted its holdings in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of NVR by 12.9% in the fourth quarter. Advisory Services Network LLC now owns 96 shares of the construction company’s stock valued at $785,000 after purchasing an additional 11 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $37,942,000. Treasurer of the State of North Carolina increased its stake in shares of NVR by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company’s stock valued at $10,354,000 after purchasing an additional 12 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of NVR by 55.0% in the fourth quarter. Sterling Capital Management LLC now owns 172 shares of the construction company’s stock valued at $1,407,000 after purchasing an additional 61 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.