NVR’s (NVR) “Sell” Rating Reaffirmed at Seaport Research Partners

Seaport Research Partners reissued their sell rating on shares of NVR (NYSE:NVR) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm currently has a $5,664.00 price objective on the construction company’s stock.

A number of other brokerages have also recently issued reports on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on NVR in a report on Friday, February 13th. Finally, Truist Financial initiated coverage on shares of NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8,182.83.

NVR Price Performance

Shares of NYSE:NVR opened at $6,501.06 on Tuesday. NVR has a 12 month low of $6,301.02 and a 12 month high of $8,618.28. The firm has a market capitalization of $18.06 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The company’s fifty day moving average price is $7,147.91 and its 200 day moving average price is $7,391.81.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) 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 the consensus estimate of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. NVR’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $139.93 earnings per share. As a group, sell-side analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction 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 $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently made changes to their positions in NVR. Brighton Jones LLC raised its holdings in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the last quarter. Woodline Partners LP raised its holdings in shares of NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of NVR by 1.7% in the second quarter. Cresset Asset Management LLC now owns 120 shares of the construction company’s stock valued at $886,000 after buying an additional 2 shares during the last quarter. Finally, StoneX Group Inc. purchased a new stake in shares of NVR in the second quarter valued at about $406,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

About NVR

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.