NVR (NYSE:NVR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of NVR (NYSE:NVR) from a sell rating to a hold rating in a report released on Saturday morning.

NVR has been the topic of a number of other reports. UBS Group boosted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Bank of America dropped their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8,366.67.

NVR Price Performance

Shares of NVR stock opened at $7,267.30 on Friday. The stock’s fifty day simple moving average is $7,753.02 and its 200 day simple moving average is $7,616.77. NVR has a one year low of $6,562.85 and a one year high of $9,376.75. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 9.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business earned $130.50 earnings per share. The business’s revenue was down 4.5% on a year-over-year basis. On average, analysts expect that NVR will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director directly owned 75 shares in the company, valued at $606,183. This trade represents a 72.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

Several institutional investors have recently modified their holdings of the business. Jump Financial LLC raised its position in NVR by 201.6% in the 1st quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock valued at $1,398,000 after buying an additional 129 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of NVR by 39.8% during the 1st quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after acquiring an additional 39 shares in the last quarter. Quantum Capital Management LLC NJ raised its holdings in shares of NVR by 60.3% in the first quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company’s stock valued at $76,334,000 after purchasing an additional 3,965 shares during the last quarter. Candriam S.C.A. lifted its position in shares of NVR by 86.5% in the first quarter. Candriam S.C.A. now owns 317 shares of the construction company’s stock worth $2,296,000 after purchasing an additional 147 shares in the last quarter. Finally, Algert Global LLC acquired a new position in NVR during the first quarter worth $724,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

About NVR

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.