NVR (NYSE:NVR) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Investment analysts at Wall Street Zen have upgraded NVR from a "sell" rating to a "hold" rating, reflecting a shift in market perception.
• NVR's current consensus price target is $8,783.33, with four analysts rating the stock as a hold and one as a buy.
• The company recently reported $108.54 EPS for the quarter, exceeding estimates, and it has approved a stock repurchase program amounting to $750 million.

Wall Street Zen upgraded shares of NVR (NYSE:NVR - Free Report) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities research analysts also recently weighed in on the stock. UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Four investment 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 stock has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Trading Down 0.6%

Shares of NVR traded down $51.00 during mid-day trading on Friday, reaching $7,807.69. 12,117 shares of the company were exchanged, compared to its average volume of 23,218. The stock has a market capitalization of $22.41 billion, a PE ratio of 16.48, a PEG ratio of 11.17 and a beta of 0.94. The business has a 50 day simple moving average of $7,479.26 and a two-hundred day simple moving average of $7,354.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $120.69 earnings per share. On average, analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of NVR by 11.7% in the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Boston Partners boosted its stake in shares of NVR by 9.8% in the 2nd quarter. Boston Partners now owns 64,872 shares of the construction company's stock valued at $479,309,000 after purchasing an additional 5,795 shares in the last quarter. Siemens Fonds Invest GmbH boosted its stake in shares of NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after purchasing an additional 2,814 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.