NVR (NYSE:NVR) Raised to “Hold” at Wall Street Zen

NVR (NYSE:NVR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages also recently issued reports on NVR. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. UBS Group reissued a “neutral” rating and set a $8,350.00 target price on shares of NVR in a research note on Thursday. Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, Zelman & Associates raised 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8,329.40.

NVR Stock Up 0.3%

Shares of NVR opened at $7,644.48 on Friday. The stock’s 50-day moving average price is $7,490.93 and its two-hundred day moving average price is $7,695.38. NVR has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The company has a market capitalization of $21.71 billion, a PE ratio of 17.48, a PEG ratio of 2.43 and a beta of 1.03. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $139.93 earnings per share. On average, analysts anticipate that NVR will post 505.2 EPS for the current year.

Institutional Investors Weigh In On NVR

A number of hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in shares of NVR during the fourth quarter worth approximately $36,000. Certuity LLC increased its stake in NVR by 32.4% during the 4th quarter. Certuity LLC now owns 139 shares of the construction company’s stock valued at $1,014,000 after purchasing an additional 34 shares in the last quarter. Torren Management LLC bought a new stake in NVR during the 4th quarter valued at $66,000. M&T Bank Corp raised its holdings in NVR by 72.2% during the fourth quarter. M&T Bank Corp now owns 279 shares of the construction company’s stock worth $2,034,000 after buying an additional 117 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of NVR by 4.4% in the fourth quarter. Comerica Bank now owns 566 shares of the construction company’s stock valued at $4,128,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds 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.