NVR (NYSE:NVR) Stock Rating Lowered by Wall Street Zen

NVR (NYSE:NVR – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on NVR. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Truist Financial dropped their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. BTIG Research set a $7,125.00 price objective on shares of NVR in a research note on Tuesday, September 22nd. Bank of America decreased their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6,809.67.

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NVR Stock Performance

Shares of NVR opened at $5,982.03 on Friday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $6,287.19 and a two-hundred day simple moving average of $6,366.81. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 10.15 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.

NVR (NYSE:NVR – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $108.54 earnings per share. On average, analysts expect that NVR will post 362.33 EPS for the current year.

Insider Activity

In related news, Director George Oliver acquired 63 shares of NVR stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVR

A number of hedge funds and other institutional investors have recently modified their holdings of NVR. CX Institutional grew its stake in NVR by 120.8% during the third quarter. CX Institutional now owns 53 shares of the construction company’s stock valued at $326,000 after acquiring an additional 29 shares in the last quarter. Versant Capital Management Inc lifted its stake in NVR by 8.7% in the 3rd quarter. Versant Capital Management Inc now owns 25 shares of the construction company’s stock worth $154,000 after purchasing an additional 2 shares in the last quarter. State Street Corp lifted its stake in NVR by 0.9% in the 2nd quarter. State Street Corp now owns 128,768 shares of the construction company’s stock worth $877,348,000 after purchasing an additional 1,172 shares in the last quarter. Bullseye Investment Management LLC bought a new position in shares of NVR during the 2nd quarter valued at about $41,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of NVR by 30.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 140 shares of the construction company’s stock valued at $954,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

About NVR

(Get Free Report)

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.

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