NVR (NYSE:NVR) Downgraded by Zacks Research to Strong Sell

by · The Markets Daily

NVR (NYSE:NVR – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks 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 report on Monday, September 14th. UBS Group dropped their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. BTIG Research set a $7,125.00 price objective on NVR in a research note on Tuesday. Truist Financial decreased their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7,160.00.

Check Out Our Latest Report on NVR

NVR Stock Up 2.7%

NYSE:NVR opened at $6,357.14 on Monday. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 10.34 and a beta of 0.91. NVR has a one year low of $5,501.01 and a one year high of $8,200.00. The stock has a 50-day simple moving average of $6,323.52 and a 200 day simple moving average of $6,396.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts predict that NVR will post 367.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other NVR news, Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently modified their holdings of NVR. Berkshire Hathaway Inc bought a new position in NVR during the 2nd quarter valued at $75,711,000. BlackRock Inc. bought a new stake in shares of NVR in the 2nd quarter worth $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of NVR in the 2nd quarter worth $44,887,000. Wealthfront Advisers LLC acquired a new stake in shares of NVR in the second quarter valued at $1,949,000. Finally, Norges Bank acquired a new stake in shares of NVR in the fourth quarter valued at $311,496,000. 83.67% of the stock is currently owned by institutional investors.

NVR Company Profile

(Get Free Report)

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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