NVR (NYSE:NVR) Stock Rating Lowered by StockNews.com

NVR (NYSE:NVR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other brokerages also recently commented on NVR. Bank of America reduced their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. UBS Group boosted their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd.

NVR Stock Performance

Shares of NVR stock traded up $18.69 during trading on Thursday, hitting $9,221.23. 14,221 shares of the stock were exchanged, compared to its average volume of 19,148. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. The company has a fifty day moving average price of $9,434.23 and a 200-day moving average price of $8,472.38. NVR has a 1-year low of $5,818.01 and a 1-year high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $125.26 EPS. As a group, equities analysts predict that NVR will post 496.62 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 725 shares of company stock valued at $6,668,413 in the last quarter. Company insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV increased its position in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR in the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in NVR in the 3rd quarter valued at approximately $39,000. Redwood Wealth Management Group LLC acquired a new position in NVR in the 2nd quarter valued at approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in NVR in the 2nd quarter valued at approximately $53,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

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.