NVR, Inc. (NVR) Stock Rating Lowered by Zelman & Associates
NVR, Inc. (NYSE:NVR) was downgraded by stock analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. BTIG Research initiated coverage on NVR in a research report on Tuesday, February 7th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $2,187.00.
NVR (NYSE:NVR) traded down 0.87% during midday trading on Friday, hitting $2275.05. 8,781 shares of the stock were exchanged. The company has a market capitalization of $8.52 billion, a P/E ratio of 20.13 and a beta of 0.56. The company’s 50 day moving average is $2,166.05 and its 200 day moving average is $1,889.48. NVR has a 1-year low of $1,478.04 and a 1-year high of $2,368.66.
NVR (NYSE:NVR) last announced its earnings results on Thursday, April 20th. The construction company reported $25.12 EPS for the quarter, beating analysts’ consensus estimates of $21.03 by $4.09. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. NVR had a return on equity of 32.60% and a net margin of 7.41%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $15.79 earnings per share. Analysts predict that NVR will post $129.86 earnings per share for the current fiscal year.
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In related news, insider Robert W. Henley sold 5,514 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $1,941.36, for a total transaction of $10,704,659.04. Following the sale, the insider now owns 5,514 shares in the company, valued at $10,704,659.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel David Malzahn sold 1,500 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $1,955.12, for a total transaction of $2,932,680.00. Following the sale, the chief financial officer now owns 4,225 shares in the company, valued at approximately $8,260,382. The disclosure for this sale can be found here. Insiders have sold 24,946 shares of company stock worth $51,918,952 in the last ninety days. Corporate insiders own 10.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NVR. Huntington National Bank raised its stake in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares during the period. Acrospire Investment Management LLC acquired a new stake in NVR during the first quarter valued at $124,000. PNC Financial Services Group Inc. raised its stake in NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock valued at $148,000 after buying an additional 9 shares during the period. Independent Advisor Alliance acquired a new stake in NVR during the fourth quarter valued at $126,000. Finally, James Investment Research Inc. purchased a new stake in shares of NVR during the first quarter valued at approximately $158,000. Hedge funds and other institutional investors own 80.47% of the company’s stock.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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