NVR (NYSE:NVR) Hits New 12-Month Low – Here’s What Happened

NVR, Inc. (NYSE:NVR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5,901.00 and last traded at $5,925.5550, with a volume of 3705 shares changing hands. The stock had previously closed at $5,974.07.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NVR. UBS Group decreased their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Truist Financial decreased their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Bank of America decreased their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Finally, Zelman & Associates upgraded 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. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Stock Performance

The company has a 50-day moving average price of $6,601.43 and a two-hundred day moving average price of $7,173.25. The stock has a market capitalization of $15.43 billion, a P/E ratio of 13.93, a PEG ratio of 4.29 and a beta of 0.95. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter last year, the company posted $94.83 earnings per share. Equities analysts expect that NVR, Inc. will post 380.26 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the transaction, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NVR. Brighton Jones LLC boosted its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP boosted its stake in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after buying an additional 5 shares in the last quarter. Cerity Partners LLC boosted its stake in NVR by 7.9% in the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after buying an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after buying an additional 16 shares in the last quarter. 83.67% of the stock is currently owned by 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.