NVR (NYSE:NVR – Free Report) had its target price lowered by Morgan Stanley from $5,058.00 to $4,864.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an underweight rating on the construction company’s stock.
Other analysts also recently issued reports about the company. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Truist Financial dropped their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Bank of America downgraded NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price target for the company. in a research note on Friday, October 23rd. UBS Group increased their price target on NVR from $7,400.00 to $7,425.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $6,564.83.
Read Our Latest Research Report on NVR
NVR Trading Up 0.8%
Shares of NVR stock opened at $6,424.97 on Tuesday. 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 firm has a market cap of $17.09 billion, a P/E ratio of 17.71 and a beta of 0.93. The company has a 50 day moving average of $6,109.63 and a 200-day moving average of $6,530.66. NVR has a 12-month low of $5,501.01 and a 12-month high of $8,200.00.
NVR (NYSE:NVR – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.23%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company posted $112.33 EPS. NVR’s revenue for the quarter was down 8.2% on a year-over-year basis. Sell-side analysts anticipate that NVR will post 345.15 earnings per share for the current year.
Institutional Trading of NVR
Institutional investors have recently modified their holdings of the business. Clearstead Trust LLC bought a new position in shares of NVR in the second quarter worth approximately $27,000. Activest Wealth Management purchased a new position in NVR in the 3rd quarter worth $25,000. Trust Co. of Vermont purchased a new position in shares of NVR in the second quarter worth about $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR in the second quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC purchased a new position in shares of NVR in the second quarter worth $41,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
About NVR
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.
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