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

NVR (NYSE:NVR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other analysts have also issued research reports about 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 report on Wednesday, January 29th. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Price Performance

NYSE:NVR traded up $88.86 during mid-day trading on Friday, reaching $7,088.98. The stock had a trading volume of 13,659 shares, compared to its average volume of 22,131. The stock has a 50-day simple moving average of $7,149.81 and a two-hundred day simple moving average of $7,759.55. The stock has a market capitalization of $20.73 billion, a PE ratio of 13.97, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. 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 announced its quarterly earnings data 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). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, equities analysts anticipate that NVR will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new stake in NVR in the 1st quarter worth about $283,000. SCS Capital Management LLC bought a new stake in NVR in the 1st quarter worth about $427,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NVR by 1.6% in the 1st 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 purchasing an additional 412 shares in the last quarter. Woodline Partners LP grew its position in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company's stock worth $1,833,000 after purchasing an additional 56 shares in the last quarter. Finally, Empowered Funds LLC grew its position in NVR by 18.0% in the 1st quarter. Empowered Funds LLC now owns 1,491 shares of the construction company's stock worth $10,801,000 after purchasing an additional 227 shares in the last quarter. 83.67% of the stock is 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.