Weiss Ratings Reaffirms Hold (C+) Rating for NVR (NYSE:NVR)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for NVR, indicating a cautious outlook amidst market fluctuations.
• Bank of America recently reduced its price objective for NVR to $9,000 while maintaining a "buy" rating, showing divergence in market sentiment.
• NVR's quarterly earnings reported an EPS of $112.33, exceeding expectations, although revenue experienced a year-over-year decline of 4.5%.

NVR (NYSE:NVR - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Several other research firms also recently weighed in on NVR. Bank of America dropped their price objective on NVR from $9,100.00 to $9,000.00 and set a "buy" rating for the company in a research note on Friday, October 10th. UBS Group raised their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NVR has a consensus rating of "Hold" and an average target price of $8,366.67.

NVR Stock Performance

NYSE NVR opened at $7,434.50 on Friday. NVR has a 1-year low of $6,562.85 and a 1-year high of $9,527.85. The company has a market capitalization of $21.34 billion, a P/E ratio of 16.32, a PEG ratio of 10.30 and a beta of 0.94. The business has a 50 day moving average price of $8,022.85 and a 200 day moving average price of $7,599.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business posted $130.50 EPS. NVR's quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts expect that NVR will post 505.2 EPS for the current fiscal year.

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 over the last quarter. 7.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Partners boosted its holdings in NVR by 9.9% in the second quarter. Boston Partners now owns 64,952 shares of the construction company's stock valued at $479,900,000 after acquiring an additional 5,875 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after acquiring an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after acquiring an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock valued at $3,758,000 after acquiring an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company's stock valued at $356,277,000 after acquiring an additional 47,729 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.