NVR (NYSE:NVR) Upgraded 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 research note issued to investors on Saturday.

NVR has been the topic of several other reports. UBS Group dropped their target price on NVR from $8,100.00 to $7,700.00 and set a "neutral" rating on the stock in a research report on Thursday, April 23rd. Truist Financial dropped their target price on NVR from $7,100.00 to $6,600.00 and set a "hold" rating on the stock in a research report on Thursday, April 23rd. Zelman & Associates raised NVR from a "sell" rating to a "hold" rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. BTIG Research reaffirmed a "buy" rating and issued a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Finally, Bank of America dropped their target price on NVR from $8,600.00 to $8,225.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NVR has an average rating of "Hold" and an average price target of $7,649.33.

NVR Price Performance

Shares of NYSE NVR opened at $5,973.63 on Friday. NVR has a 1-year low of $5,930.00 and a 1-year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 3.71. The business's fifty day moving average price is $6,692.26 and its two-hundred day moving average price is $7,212.09. The firm has a market capitalization of $16.13 billion, a PE ratio of 14.56, a P/E/G ratio of 4.37 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business earned $94.83 earnings per share. NVR's quarterly revenue was down 21.7% on a year-over-year basis. On average, research analysts expect that NVR will post 380.26 EPS for the current year.

NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.60% of the company's stock.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently made changes to their positions in NVR. M&T Bank Corp raised its stake in shares of NVR by 34,923.5% during the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank purchased a new stake in shares of NVR during the 4th quarter worth about $311,496,000. Corient Private Wealth LLC raised its stake in shares of NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock worth $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Close Asset Management Ltd purchased a new stake in shares of NVR during the 3rd quarter worth about $148,939,000. Finally, Citadel Advisors LLC raised its stake in shares of NVR by 318.4% during the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company's stock worth $154,386,000 after purchasing an additional 14,623 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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