BTIG Research Upgrades NVR (NYSE:NVR) to Strong-Buy

NVR (NYSE:NVR) was upgraded by research analysts at BTIG Research to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on NVR. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group raised their price objective on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Bank of America decreased their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8,530.50.

NVR Stock Up 1.0%

Shares of NYSE:NVR opened at $7,679.52 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. The business has a 50 day simple moving average of $7,535.89 and a two-hundred day simple moving average of $7,635.78. NVR has a 1 year low of $6,562.85 and a 1 year high of $9,200.00. The firm has a market capitalization of $21.80 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 10.13 and a beta of 1.01.

NVR (NYSE:NVR) last posted 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 35.89% 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 quarter in the previous year, the business earned $130.50 EPS. NVR’s revenue was down 4.5% compared to the same quarter last year. On average, equities analysts predict that NVR will post 505.2 EPS for the current year.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors grew its stake in NVR by 8.0% in the third quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after purchasing an additional 9,877 shares during the last quarter. Boston Partners raised its stake in shares of NVR by 9.9% during the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after acquiring an additional 5,875 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after acquiring an additional 2,331 shares in the last quarter. JPMorgan Chase & Co. lifted its position in NVR by 41.6% during the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock valued at $379,639,000 after acquiring an additional 15,405 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after acquiring an additional 50,046 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

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.