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

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

Other analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research note on Thursday. UBS Group restated a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a report on Thursday. Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Finally, BTIG Research assumed coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8,329.40.

NVR Trading Up 0.3%

NVR opened at $7,644.48 on Friday. The firm has a market cap of $21.71 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.54 and a beta of 1.01. NVR has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.16 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $7,490.93 and a 200 day moving average of $7,690.50.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $139.93 earnings per share. As a group, research analysts forecast that NVR will post 505.2 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the purchase, the director directly owned 14 shares of the company’s stock, valued at approximately $98,952.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NVR. Capital Research Global Investors raised its position in NVR by 8.0% during the 3rd quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after purchasing an additional 9,877 shares in the last quarter. Boston Partners raised its holdings in shares of NVR by 9.9% in the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after acquiring an additional 5,875 shares in the last quarter. Principal Financial Group Inc. grew its holdings in NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after acquiring an additional 2,331 shares in the last quarter. M&T Bank Corp increased its position in NVR by 34,923.5% during the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after purchasing an additional 1,718 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

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.