NVR (NYSE:NVR) Stock Rating Lowered by StockNews.com

NVR (NYSE:NVR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

NVR has been the topic of a number of other reports. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd.

NVR Price Performance

Shares of NVR traded up $18.69 during mid-day trading on Thursday, hitting $9,221.23. 14,221 shares of the company traded hands, compared to its average volume of 19,148. NVR has a one year low of $5,818.01 and a one year high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $9,434.23 and a 200 day moving average of $8,472.38. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.98 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the company earned $125.26 earnings per share. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that NVR will post 496.62 earnings per share for the current fiscal year.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 725 shares of company stock valued at $6,668,413 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its stake in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. acquired a new stake in NVR in the 3rd quarter valued at $39,000. Redwood Wealth Management Group LLC acquired a new position in shares of NVR during the 2nd quarter worth about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of NVR during the 2nd quarter worth about $53,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.