NVR (NYSE:NVR) Downgraded by Wall Street Zen to Sell

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

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

NVR Stock Up 1.6%

Shares of NVR stock opened at $7,395.07 on Monday. The stock has a market capitalization of $21.62 billion, a P/E ratio of 15.22, a PEG ratio of 4.01 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $7,165.51 and a two-hundred day moving average price of $7,466.79. NVR has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. Equities analysts expect that NVR will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new stake in NVR during the fourth quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after acquiring an additional 3 shares during the period. Olde Wealth Management LLC bought a new stake in NVR in the first quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR in the first quarter worth about $36,000. Finally, Ridgewood Investments LLC lifted its stake in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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.

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