NVR (NYSE:NVR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of NVR (NYSE:NVR) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other research firms have also issued reports on NVR. UBS Group decreased their price objective on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Up 0.1%

Shares of NYSE NVR opened at $7,079.69 on Friday. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business’s fifty day moving average price is $7,159.80 and its 200-day moving average price is $7,783.75. The stock has a market capitalization of $20.70 billion, a PE ratio of 13.95, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. On average, equities research analysts anticipate that NVR will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the business. JDM Financial Group LLC bought a new position in NVR in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after acquiring an additional 3 shares during the last quarter. Olde Wealth Management LLC bought a new position in NVR in the 1st quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR in the 1st quarter worth about $36,000. Finally, Ridgewood Investments LLC increased its stake in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after acquiring an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by 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.