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

by · The Cerbat Gem

Wall Street Zen downgraded shares of NVR (NYSE:NVR – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

NVR has been the subject of several other reports. BTIG Research started coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. UBS Group lowered their target price on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America decreased their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8,443.00.

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NVR Stock Performance

Shares of NVR stock opened at $7,547.55 on Friday. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 10.26 and a beta of 1.01. The stock has a fifty day moving average of $7,415.12 and a 200 day moving average of $7,689.70. NVR has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the company posted $130.50 EPS. As a group, research analysts expect that NVR will post 505.2 earnings per share for the current year.

Insider Activity at NVR

In related news, Director Michael J. Devito purchased 14 shares of NVR stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of NVR by 262.2% during the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock worth $7,522,000 after acquiring an additional 679 shares during the last quarter. Amundi lifted its stake in NVR by 6.9% in the 2nd quarter. Amundi now owns 12,092 shares of the construction company’s stock worth $93,937,000 after purchasing an additional 781 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of NVR by 16.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 443 shares of the construction company’s stock valued at $3,272,000 after purchasing an additional 64 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of NVR by 8.1% during the second 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. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of NVR by 5.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,398 shares of the construction company’s stock valued at $10,325,000 after purchasing an additional 67 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Company Profile

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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.

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