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

Wall Street Zen upgraded shares of NVR (NYSE:NVR) from a sell rating to a hold rating in a report released on Saturday morning.

Other research analysts have also issued reports about the stock. 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 report on Thursday. Bank of America dropped their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. UBS Group restated a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Finally, BTIG Research began coverage on 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 given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8,329.40.

NVR Stock Up 0.3%

Shares of NYSE:NVR opened at $7,644.48 on Friday. The business’s 50 day moving average is $7,490.93 and its 200 day moving average is $7,693.20. NVR has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.54 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling

In other news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction on Monday, November 3rd. The stock was acquired 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 owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Several hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB boosted its position in shares of NVR by 262.2% in the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after acquiring an additional 679 shares during the period. iA Global Asset Management Inc. purchased a new stake in NVR in the 3rd quarter worth approximately $691,000. Amundi boosted its holdings in NVR by 6.9% in the 2nd quarter. Amundi now owns 12,092 shares of the construction company’s stock valued at $93,937,000 after purchasing an additional 781 shares during the period. Rakuten Investment Management Inc. bought a new position in NVR in the 3rd quarter valued at $51,896,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of NVR by 8.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company’s stock valued at $295,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

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.