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

by · The Cerbat Gem

Wall Street Zen lowered shares of NVR (NYSE:NVR – Free Report) from a hold rating to a sell rating in a report issued on Monday morning.

Separately, UBS Group decreased their target price on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9,023.33.

Read Our Latest Analysis on NVR

NVR Stock Performance

NVR stock opened at $7,770.59 on Monday. The firm has a 50 day simple moving average of $7,194.26 and a 200-day simple moving average of $7,461.97. The stock has a market cap of $22.69 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 4.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. NVR has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. On average, analysts expect that NVR will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On NVR

Several hedge funds have recently made changes to their positions in NVR. JDM Financial Group LLC purchased a new stake in NVR during the 4th quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR during the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in NVR in the first quarter valued at about $36,000. Ridgewood Investments LLC lifted its position in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after purchasing an additional 3 shares during the period. Finally, SouthState Corp purchased a new stake in NVR in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Company Profile

(Get Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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