NVR (NYSE:NVR) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of NVR (NYSE:NVR) from a buy rating to a hold rating in a report released on Thursday.

Other analysts also recently issued research reports about the company. Bank of America cut their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group raised their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd.

NVR Price Performance

Shares of NVR opened at $9,306.94 on Thursday. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.99 and a beta of 1.20. The stock has a 50 day moving average of $9,440.66 and a 200-day moving average of $8,497.45. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a 52 week low of $5,818.01 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $125.26 EPS. As a group, analysts forecast that NVR will post 496.62 EPS for the current year.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of NVR in the 3rd quarter worth $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR in the 3rd quarter worth $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR in the 2nd quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of NVR during the second quarter valued at $53,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.