NVR (NYSE:NVR) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of NVR (NYSE:NVR) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks reports.

NVR has been the topic of a number of other research reports. UBS Group decreased their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. BTIG Research set a $7,125.00 price target on NVR in a research note on Tuesday. Bank of America dropped their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Weiss Ratings upgraded NVR from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 14th. Finally, Truist Financial decreased their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7,160.00.

NVR Trading Up 2.7%

Shares of NVR stock opened at $6,357.14 on Monday. The business’s fifty day moving average price is $6,323.52 and its 200 day moving average price is $6,396.19. The firm has a market capitalization of $16.91 billion, a PE ratio of 16.49, a P/E/G ratio of 10.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR has a 1-year low of $5,501.01 and a 1-year high of $8,200.00.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the firm earned $108.54 EPS. The business’s revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that NVR will post 367.13 EPS for the current fiscal year.

Insider Activity

In other news, Director George Oliver bought 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On NVR

Hedge funds have recently made changes to their positions in the business. Clearstead Trust LLC acquired a new position in NVR in the second quarter valued at $27,000. Trust Co. of Vermont acquired a new stake in NVR during the second quarter worth about $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of NVR in the 2nd quarter worth about $34,000. Global Retirement Partners LLC purchased a new position in shares of NVR in the 2nd quarter worth about $41,000. Finally, Bullseye Investment Management LLC acquired a new position in shares of NVR in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.