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

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

A number of other research firms have also commented on NVR. UBS Group increased their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Bank of America lowered their target price on 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8,366.67.

NVR Trading Up 0.2%

Shares of NVR stock opened at $7,267.30 on Friday. NVR has a 12-month low of $6,562.85 and a 12-month high of $9,376.75. The stock has a market capitalization of $20.63 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. The company has a 50-day simple moving average of $7,753.02 and a 200 day simple moving average of $7,613.19. 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 quarterly 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 analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $130.50 earnings per share. Research analysts expect that NVR will post 505.2 earnings per share for the current fiscal year.

Insider Transactions at NVR

In other NVR news, Director Michael J. Devito purchased 14 shares of the stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 75 shares of the company’s stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.80% of the stock is owned by company insiders.

Institutional Trading of NVR

Institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new position in shares of NVR in the 2nd quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR during the first quarter worth about $36,000. Ridgewood Investments LLC grew its position in shares of NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after buying an additional 3 shares during the period. SouthState Corp bought a new stake in shares of NVR in the 1st quarter valued at about $36,000. Finally, Blue Trust Inc. increased its stake in shares of NVR by 150.0% in 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 last quarter. Institutional investors and hedge funds 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.