NVR (NYSE:NVR) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded NVR to “Sell” from “Hold,” while other analysts remain divided. The stock has a consensus “Hold” rating and an average price target of $6,809.67.
• NVR shares opened at $5,982.03, well below their 52-week high of $8,200.00. The company’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, missing analyst estimates.
• Director George Oliver purchased 63 shares worth approximately $405,000, while institutional investors own 83.67% of NVR’s outstanding stock.

NVR (NYSE:NVR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also weighed in on the stock. Bank of America lowered their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Morgan Stanley assumed coverage on shares of NVR in a research report on Thursday. They issued an "underweight" rating and a $5,058.00 target price on the stock. UBS Group lowered their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Finally, Weiss Ratings upgraded shares of NVR from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 14th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and an average price target of $6,809.67.

NVR Stock Performance

Shares of NYSE NVR opened at $5,982.03 on Friday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 10.29 and a beta of 0.90. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR has a 1-year low of $5,501.01 and a 1-year high of $8,200.00. The stock's 50-day moving average is $6,287.19 and its 200 day moving average is $6,368.22.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the firm earned $108.54 earnings per share. NVR's revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that NVR will post 365.41 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Oliver acquired 63 shares of the company's stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CX Institutional boosted its holdings in shares of NVR by 120.8% during the third quarter. CX Institutional now owns 53 shares of the construction company's stock worth $326,000 after purchasing an additional 29 shares during the period. Versant Capital Management Inc grew its stake in shares of NVR by 8.7% in the third quarter. Versant Capital Management Inc now owns 25 shares of the construction company's stock worth $154,000 after purchasing an additional 2 shares during the last quarter. State Street Corp increased its holdings in NVR by 0.9% during the 2nd quarter. State Street Corp now owns 128,768 shares of the construction company's stock valued at $877,348,000 after purchasing an additional 1,172 shares during the period. Bullseye Investment Management LLC purchased a new position in NVR during the 2nd quarter valued at about $41,000. Finally, Sequoia Financial Advisors LLC increased its holdings in NVR by 30.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 140 shares of the construction company's stock valued at $954,000 after purchasing an additional 33 shares during the period. 83.67% of the stock is currently owned by institutional investors.

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.

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