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

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

Separately, UBS Group dropped 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 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, the company has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Price Performance

Shares of NVR traded up $172.57 during mid-day trading on Friday, hitting $7,152.24. 50,383 shares of the company were exchanged, compared to its average volume of 22,006. NVR has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The company has a 50 day moving average of $7,153.94 and a 200-day moving average of $7,523.20. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 3.90 and a beta of 0.99.

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

NVR declared that its board has initiated a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding 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 generally a sign that the company's management believes its stock is undervalued.

Institutional Trading of NVR

Several institutional investors have recently made changes to their positions in NVR. JDM Financial Group LLC bought a new position in shares of NVR in the fourth quarter worth about $25,000. Olde Wealth Management LLC bought a new stake in shares of NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR during the 1st quarter worth about $36,000. Ridgewood Investments LLC lifted its stake in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares during the last quarter. Finally, SouthState Corp acquired a new stake in NVR during the first quarter worth approximately $36,000. 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.