NVR (NYSE:NVR) Hits New 1-Year Low – Time to Sell?

NVR, Inc. (NYSE:NVR)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $6,463.25 and last traded at $6,446.9080, with a volume of 4115 shares traded. The stock had previously closed at $6,610.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research note on Thursday, January 29th. UBS Group set a $8,100.00 target price on shares of NVR in a research report on Friday, February 13th. Finally, BTIG Research initiated coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8,182.83.

NVR Trading Down 0.7%

The company has a market capitalization of $18.31 billion, a P/E ratio of 15.01, a PEG ratio of 2.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The business’s 50-day moving average price is $7,517.90 and its two-hundred day moving average price is $7,624.50.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $139.93 EPS. As a group, analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. This trade represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVR. Brighton Jones LLC raised its holdings in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the period. Woodline Partners LP boosted its stake in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 56 shares during the period. Assetmark Inc. increased its holdings in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares in the last quarter. Penserra Capital Management LLC increased its holdings in NVR by 6.3% during the 2nd quarter. Penserra Capital Management LLC now owns 85 shares of the construction company’s stock worth $627,000 after purchasing an additional 5 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of NVR by 66.8% in the 2nd quarter. Aviva PLC now owns 2,055 shares of the construction company’s stock valued at $15,178,000 after purchasing an additional 823 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.