Seaport Research Partners Reaffirms Sell Rating for NVR (NYSE:NVR)

NVR (NYSE:NVR)‘s stock had its “sell” rating reissued by investment analysts at Seaport Research Partners in a research note issued on Tuesday,Benzinga reports. They currently have a $5,664.00 price target on the construction company’s stock. Seaport Research Partners’ price target suggests a potential downside of 15.67% from the company’s current price.

Several other analysts also recently issued reports on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. 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 note on Thursday, January 29th. UBS Group set a $8,100.00 price target on NVR in a research note on Friday, February 13th. Finally, Truist Financial started coverage on 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 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8,182.83.

NVR Stock Performance

NVR opened at $6,716.74 on Tuesday. The business’s 50-day moving average price is $7,168.30 and its two-hundred day moving average price is $7,403.10. NVR has a 1 year low of $6,301.02 and a 1 year high of $8,618.28. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of 15.36, 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.

NVR (NYSE:NVR) last released its quarterly earnings results 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. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the business posted $139.93 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that NVR will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of NVR 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 in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,120 shares of company stock worth $9,012,736. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its position in shares of NVR by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 185 shares of the construction company’s stock valued at $1,349,000 after acquiring an additional 48 shares during the last quarter. Meadowbrook Advisors Group LLC acquired a new stake in shares of NVR in the fourth quarter valued at about $868,000. Corient Private Wealth LLC increased its position in shares of NVR by 1.5% in the fourth quarter. Corient Private Wealth LLC now owns 9,116 shares of the construction company’s stock valued at $66,481,000 after acquiring an additional 136 shares during the last quarter. Pure Financial Advisors LLC increased its position in shares of NVR by 1.0% in the fourth quarter. Pure Financial Advisors LLC now owns 311 shares of the construction company’s stock valued at $2,268,000 after acquiring an additional 3 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in NVR during the fourth quarter worth about $102,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.