NVR (NYSE:NVR) Given New $4,864.00 Price Target at Morgan Stanley

NVR (NYSE:NVR) had its price objective decreased by stock analysts at Morgan Stanley from $5,058.00 to $4,864.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “underweight” rating on the construction company’s stock. Morgan Stanley‘s price objective would suggest a potential downside of 20.06% from the company’s current price.

Several other equities analysts have also recently issued reports on NVR. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Truist Financial cut their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. UBS Group lifted their target price on NVR from $7,400.00 to $7,425.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Weiss Ratings raised shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Finally, Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $6,564.83.

NVR Price Performance

Shares of NVR stock traded down $180.71 on Tuesday, hitting $6,084.39. The company had a trading volume of 14,293 shares, compared to its average volume of 31,983. The business has a 50-day simple moving average of $6,117.08 and a 200-day simple moving average of $6,550.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market cap of $16.18 billion, a PE ratio of 16.77 and a beta of 0.90. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,200.00.

NVR (NYSE:NVR) last announced its earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.57 billion. NVR had a return on equity of 29.23% and a net margin of 11.51%. NVR’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $112.33 EPS. Research analysts expect that NVR will post 350.65 EPS for the current fiscal year.

Insider Activity at NVR

In related news, Director George Oliver acquired 63 shares of NVR stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in NVR by 3.8% during the first quarter. International Assets Investment Management LLC now owns 55 shares of the construction company’s stock valued at $367,000 after buying an additional 2 shares in the last quarter. Keybank National Association OH increased its position in shares of NVR by 3.1% in the first quarter. Keybank National Association OH now owns 66 shares of the construction company’s stock worth $435,000 after acquiring an additional 2 shares in the last quarter. Parallel Advisors LLC increased its position in shares of NVR by 3.7% in the first quarter. Parallel Advisors LLC now owns 56 shares of the construction company’s stock worth $369,000 after acquiring an additional 2 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of NVR by 1.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 203 shares of the construction company’s stock valued at $1,383,000 after acquiring an additional 2 shares during the period. Finally, Nissay Asset Management Corp Japan raised its holdings in shares of NVR by 0.6% during the second quarter. Nissay Asset Management Corp Japan now owns 364 shares of the construction company’s stock valued at $2,480,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.