NVR (NYSE:NVR) Upgraded to Hold at Wall Street Zen

NVR (NYSE:NVR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. UBS Group decreased their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $9,023.33.

NVR Stock Up 2.0%

NYSE:NVR traded up $138.96 during trading hours on Friday, hitting $7,205.35. The company's stock had a trading volume of 22,129 shares, compared to its average volume of 22,160. The stock has a market capitalization of $21.07 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The stock has a fifty day moving average of $7,159.80 and a 200-day moving average of $7,783.75. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

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

NVR declared that its board has authorized a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On NVR

A number of institutional investors have recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new stake in NVR during the fourth quarter worth about $1,701,000. Markel Group Inc. increased its stake in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after buying an additional 110 shares during the period. Charles Schwab Investment Management Inc. increased its position in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares during the period. Principal Financial Group Inc. increased its position in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in NVR by 45.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company's stock valued at $8,228,000 after purchasing an additional 312 shares during the period. 83.67% of the stock is currently 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.