NVR (NYSE:NVR) Cut to Sell at Wall Street Zen

by · The Markets Daily

Wall Street Zen downgraded shares of NVR (NYSE:NVR – Free Report) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Several other brokerages have also commented on NVR. Weiss Ratings upgraded NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. UBS Group decreased their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Bank of America dropped their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $6,809.67.

Read Our Latest Analysis on NVR

NVR Stock Down 0.3%

Shares of NYSE NVR opened at $5,975.02 on Friday. The stock has a market capitalization of $15.92 billion, a PE ratio of 15.50, a P/E/G ratio of 10.15 and a beta of 0.90. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $6,280.32 and a 200-day moving average of $6,362.39. NVR has a 52-week low of $5,501.01 and a 52-week high of $8,200.00.

NVR (NYSE:NVR – Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $108.54 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that NVR will post 362.33 EPS for the current year.

Insider Buying and Selling

In related news, Director George Oliver acquired 63 shares of NVR stock in a transaction on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in NVR during the 2nd quarter worth approximately $2,004,324,000. Capital Research Global Investors grew its position in NVR by 0.4% in the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after acquiring an additional 551 shares in the last quarter. State Street Corp grew its position in NVR by 0.9% in the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock valued at $877,348,000 after acquiring an additional 1,172 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the period. Finally, Capital World Investors raised its stake in shares of NVR by 0.3% during the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

About NVR

(Get Free Report)

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.

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