NVR (NYSE:NVR) Price Target Cut to $4,864.00 by Analysts at Morgan Stanley

NVR (NYSE:NVR) had its target price reduced by equities research analysts at Morgan Stanley from $5,058.00 to $4,864.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Morgan Stanley‘s price target would suggest a potential downside of 20.06% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings raised NVR from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. UBS Group increased their price objective on NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Truist Financial cut their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Bank of America downgraded shares of NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price for the company. in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $6,564.83.

NVR Price Performance

Shares of NVR stock traded down $180.71 on Tuesday, hitting $6,084.39. The company’s stock had a trading volume of 14,293 shares, compared to its average volume of 31,983. The company has a market capitalization of $16.18 billion, a P/E ratio of 16.77 and a beta of 0.90. NVR has a 52-week low of $5,501.01 and a 52-week high of $8,200.00. The firm has a fifty day moving average price of $6,117.08 and a 200-day moving average price of $6,550.31. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last announced its earnings results on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $102.77 by ($13.32). NVR had a return on equity of 29.23% and a net margin of 11.51%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the firm posted $112.33 EPS. The business’s revenue was down 8.2% on a year-over-year basis. On average, equities research analysts expect that NVR will post 350.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NVR news, Director George Oliver bought 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NVR. International Assets Investment Management LLC raised its stake in NVR by 5.5% during the 3rd quarter. International Assets Investment Management LLC now owns 58 shares of the construction company’s stock valued at $355,000 after acquiring an additional 3 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of NVR by 7.6% in the third quarter. Kestra Advisory Services LLC now owns 353 shares of the construction company’s stock worth $2,172,000 after purchasing an additional 25 shares in the last quarter. Capstone Wealth Management LLC acquired a new position in shares of NVR during the third quarter valued at $369,000. Boston Trust Walden Corp acquired a new position in shares of NVR during the third quarter valued at $25,959,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of NVR by 101.8% during the third quarter. Chicago Partners Investment Group LLC now owns 220 shares of the construction company’s stock valued at $1,316,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.