NVR (NYSE:NVR) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of NVR (NYSE:NVR) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other analysts also recently weighed in on the stock. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Morgan Stanley began coverage on NVR in a research report on Thursday. They set an “underweight” rating and a $5,058.00 price target for the company. Truist Financial dropped their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,125.00 price objective on NVR in a report on Tuesday, September 22nd. Finally, Weiss Ratings raised NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and an average target price of $6,809.67.

NVR Trading Down 2.4%

Shares of NVR stock opened at $5,982.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The firm has a market cap of $15.91 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 10.06 and a beta of 0.90. The company has a 50-day moving average of $6,287.19 and a two-hundred day moving average of $6,368.22. NVR has a 1-year low of $5,501.01 and a 1-year high of $8,200.00.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business earned $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts predict that NVR will post 362.33 EPS for the current year.

Insider Buying and Selling

In other NVR news, Director George Oliver purchased 63 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Hedge funds have recently modified their holdings of the stock. Clearstead Trust LLC acquired a new position in NVR during the 2nd quarter worth $27,000. Trust Co. of Vermont acquired a new stake in NVR in the 2nd quarter valued at about $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NVR in the 2nd quarter valued at about $34,000. Global Retirement Partners LLC acquired a new position in shares of NVR during the second quarter worth about $41,000. Finally, Bullseye Investment Management LLC acquired a new position in shares of NVR during the second quarter worth about $41,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

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.