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

Wall Street Zen downgraded shares of NVR (NYSE:NVR - Free Report) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Separately, UBS Group lowered their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Down 1.9%

Shares of NYSE NVR traded down $145.27 during mid-day trading on Monday, reaching $7,623.24. 17,832 shares of the company's stock were exchanged, compared to its average volume of 24,363. NVR has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.17 and a beta of 0.99. The business has a fifty day simple moving average of $7,194.26 and a 200 day simple moving average of $7,461.97.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, equities analysts expect that NVR will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On NVR

Several hedge funds have recently modified their holdings of NVR. AG2R LA Mondiale Gestion D Actifs acquired a new position in NVR during the first quarter valued at approximately $854,000. Inspire Investing LLC raised its stake in shares of NVR by 144.2% during the 1st quarter. Inspire Investing LLC now owns 403 shares of the construction company's stock worth $2,919,000 after purchasing an additional 238 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of NVR in the 1st quarter valued at approximately $283,000. SCS Capital Management LLC bought a new position in shares of NVR in the first quarter valued at $427,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NVR by 1.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 25,891 shares of the construction company's stock worth $187,565,000 after buying an additional 412 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Company Profile

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.