NVR (NYSE:NVR) Raised to “Hold” at Wall Street Zen

NVR (NYSE:NVR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages also recently commented on NVR. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research note on Thursday. BTIG Research started coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and set a $8,350.00 price objective on shares of NVR in a research note on Thursday. Bank of America decreased their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8,329.40.

NVR Trading Up 0.3%

Shares of NVR stock opened at $7,644.48 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.16. The firm has a fifty day moving average price of $7,490.93 and a 200 day moving average price of $7,690.50. NVR has a 1 year low of $6,562.85 and a 1 year high of $8,618.28. The stock has a market cap of $21.71 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating the consensus estimate of $105.42 by $16.12. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $139.93 earnings per share. Equities research analysts predict that NVR will post 505.2 earnings per share for the current year.

Insider Activity

In related news, Director Michael J. Devito purchased 14 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the purchase, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVR

A number of large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp grew its position in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares during the period. Norges Bank purchased a new position in NVR in the 2nd quarter valued at about $268,447,000. Close Asset Management Ltd acquired a new stake in NVR in the 3rd quarter worth about $148,939,000. Citadel Advisors LLC increased its stake in NVR by 318.4% during the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after buying an additional 14,623 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of NVR by 8.0% during the third quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after acquiring an additional 9,877 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

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.