NVR (NYSE:NVR) Rating Increased to Hold at Wall Street Zen

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

Several other research firms also recently issued reports on NVR. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group decreased their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, NVR presently has an average rating of "Hold" and an average target price of $9,023.33.

NVR Trading Up 0.9%

NVR stock traded up $65.18 on Friday, hitting $7,065.30. 1,368 shares of the company were exchanged, compared to its average volume of 24,581. 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 twelve month low of $6,562.85 and a twelve month high of $9,964.77. The business's fifty day moving average is $7,154.90 and its two-hundred day moving average is $7,774.45. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NVR. JDM Financial Group LLC bought a new position in NVR during the 4th quarter valued at $25,000. Olde Wealth Management LLC bought a new position in NVR during the 1st quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR during the 1st quarter valued at $36,000. Ridgewood Investments LLC boosted its stake in NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after acquiring an additional 3 shares during the last quarter. Finally, SouthState Corp bought a new position in NVR during the 1st quarter valued at $36,000. 83.67% of the stock is currently owned by hedge funds and other 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.