NVR (NYSE:NVR) Lowered to Sell Rating by Wall Street Zen

NVR (NYSE:NVR) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities analysts have also weighed in on the company. Bank of America decreased their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. 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 research report on Thursday, July 24th. Finally, UBS Group increased their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8,366.67.

NVR Price Performance

NYSE:NVR opened at $7,225.62 on Friday. The business’s 50-day moving average price is $7,944.50 and its 200 day moving average price is $7,606.92. The firm has a market cap of $20.74 billion, a P/E ratio of 15.86, a PEG ratio of 9.94 and a beta of 0.94. NVR has a 52-week low of $6,562.85 and a 52-week high of $9,527.85. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last released its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.NVR’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $130.50 earnings per share. As a group, sell-side analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NVR news, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently bought and sold shares of NVR. Jones Financial Companies Lllp raised its stake in shares of NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after purchasing an additional 50,046 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of NVR by 9,358.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after purchasing an additional 47,729 shares in the last quarter. Nuveen LLC purchased a new stake in shares of NVR during the 1st quarter worth about $334,981,000. Norges Bank purchased a new stake in shares of NVR during the 2nd quarter worth about $268,447,000. Finally, JPMorgan Chase & Co. raised its stake in shares of NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after purchasing an additional 15,405 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.