NVR, Inc. (NVR) Lowered to Sell at Zacks Investment Research
NVR, Inc. (NYSE:NVR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “NVR’s results have been volatile for some time now despite the company’s repute as one of the group’s consistently performing bellwethers. We believe the company’s margins will remain subdued throughout 2017 as its end markets is not likely to experience significant pricing power to offset cost inflation. NVR also expects continued gross margin pressure over the next several quarters due to higher cost. Meanwhile, rising interest and mortgage rates, as well as land and labor shortages, raise concerns, as do rising material prices.”
NVR has been the subject of several other reports. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $2,187.00.
Shares of NVR (NYSE:NVR) traded up 0.09% during trading on Tuesday, hitting $2470.00. 7,999 shares of the stock were exchanged. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 21.85 and a beta of 0.67. The stock’s 50 day moving average price is $2,290.14 and its 200 day moving average price is $1,989.00. NVR has a 52 week low of $1,478.04 and a 52 week high of $2,499.99.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, April 20th. The construction company reported $25.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $21.03 by $4.09. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. NVR had a net margin of 7.90% and a return on equity of 34.48%. NVR’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $15.79 EPS. On average, equities analysts predict that NVR will post $129.86 earnings per share for the current year.
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In related news, Director Manuel H. Johnson sold 1,302 shares of the stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $2,092.71, for a total value of $2,724,708.42. Following the completion of the transaction, the director now directly owns 1,702 shares in the company, valued at approximately $3,561,792.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Charles Elliott Andrews sold 1,764 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $2,103.21, for a total transaction of $3,710,062.44. Following the completion of the transaction, the director now owns 2,902 shares of the company’s stock, valued at $6,103,515.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,257 shares of company stock valued at $39,023,767. 11.30% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in NVR by 15,836.0% in the first quarter. BlackRock Inc. now owns 349,318 shares of the construction company’s stock worth $735,970,000 after buying an additional 347,126 shares in the last quarter. Vanguard Group Inc. raised its stake in NVR by 1.3% in the first quarter. Vanguard Group Inc. now owns 282,720 shares of the construction company’s stock worth $595,656,000 after buying an additional 3,508 shares in the last quarter. Wellington Management Group LLP raised its stake in NVR by 4.0% in the first quarter. Wellington Management Group LLP now owns 133,317 shares of the construction company’s stock worth $280,883,000 after buying an additional 5,142 shares in the last quarter. FMR LLC raised its stake in NVR by 5.6% in the first quarter. FMR LLC now owns 122,451 shares of the construction company’s stock worth $257,989,000 after buying an additional 6,482 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in NVR by 1.3% in the first quarter. Victory Capital Management Inc. now owns 95,288 shares of the construction company’s stock worth $200,761,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 78.76% 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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