NVR (NYSE:NVR) Rating Lowered to Sell at 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 research firms also recently commented on NVR. Bank of America cut their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, UBS Group cut their target price on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NVR presently has a consensus rating of “Moderate Buy” and a consensus price target of $8,443.00.

NVR Trading Down 1.0%

Shares of NVR stock opened at $7,547.55 on Friday. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $21.44 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 10.26 and a beta of 1.01. The firm has a 50-day moving average price of $7,411.06 and a 200 day moving average price of $7,690.23. NVR has a twelve month low of $6,562.85 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last announced 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. NVR had a net margin of 14.00% and a return on equity of 35.89%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business earned $130.50 earnings per share. NVR’s revenue was down 4.5% compared to the same quarter last year. Research analysts forecast that NVR will post 505.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael J. Devito bought 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares in the company, valued at approximately $98,952.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Several institutional investors and hedge funds have recently bought and sold shares of NVR. AdvisorNet Financial Inc purchased a new stake in shares of NVR in the second quarter valued at $30,000. Blue Trust Inc. boosted its holdings in NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after purchasing an additional 3 shares in the last quarter. Assetmark Inc. increased its holdings in shares of NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares during the last quarter. State of Wyoming bought a new position in shares of NVR in the second quarter valued at approximately $44,000. Finally, Zions Bancorporation National Association UT lifted its position in NVR by 600.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.