NVR (NYSE:NVR) Upgraded 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 research report issued on Saturday.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on 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 reduced their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

Shares of NYSE:NVR traded down $152.97 during trading on Friday, reaching $7,057.69. The company had a trading volume of 7,949 shares, compared to its average volume of 22,105. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $7,158.23 and a two-hundred day moving average of $7,779.73. NVR has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock has a market capitalization of $20.64 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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

NVR announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding 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 usually an indication that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of NVR by 5.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock worth $294,000 after acquiring an additional 2 shares during the last quarter. Bennett Selby Investments LP raised its stake in shares of NVR by 32.8% in the fourth quarter. Bennett Selby Investments LP now owns 81 shares of the construction company's stock worth $662,000 after buying an additional 20 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in NVR by 6.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 47 shares of the construction company's stock valued at $384,000 after purchasing an additional 3 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in NVR by 1.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,399 shares of the construction company's stock worth $19,621,000 after buying an additional 34 shares in 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.