NVR (NYSE:NVR) Cut to Sell at Seaport Research Partners

Seaport Research Partners lowered shares of NVR (NYSE:NVR) from a neutral rating to a sell rating in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has $5,664.00 price objective on the construction company’s stock.

Other equities analysts also recently issued reports about the stock. UBS Group set a $8,100.00 price target on shares of NVR in a research note on Friday, February 13th. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Truist Financial initiated coverage on shares of NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price target on the stock. One research 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. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $8,182.83.

NVR Trading Up 4.1%

NYSE NVR opened at $6,759.51 on Monday. NVR has a 1-year low of $6,301.02 and a 1-year high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.79 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The firm’s fifty day simple moving average is $7,130.39 and its 200-day simple moving average is $7,387.39.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $139.93 earnings per share. NVR’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at approximately $3,088,000. This represents a 36.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,120 shares of company stock worth $9,012,736 over the last three months. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several hedge funds and other institutional investors have recently made changes to their positions in NVR. Brighton Jones LLC grew its position 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 purchasing an additional 31 shares during the last quarter. Woodline Partners LP grew its position 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 purchasing an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 5 shares during the last quarter. Cresset Asset Management LLC grew its position 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 purchasing an additional 2 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of NVR in the second quarter valued at about $406,000. 83.67% of the stock is owned by institutional investors and hedge funds.

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.