Zacks Research Downgrades NVR (NYSE:NVR) to Strong Sell

NVR (NYSE:NVR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

A number of other research firms also recently commented on NVR. BTIG Research set a $7,125.00 price objective on NVR in a report on Tuesday. Weiss Ratings raised shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 14th. Bank of America reduced their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group dropped their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $7,160.00.

NVR Stock Up 2.7%

Shares of NVR opened at $6,357.14 on Monday. The firm has a market cap of $16.91 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 10.34 and a beta of 0.91. The company’s fifty day moving average is $6,323.52 and its two-hundred day moving average is $6,396.19. NVR has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,200.00. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $108.54 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts forecast that NVR will post 367.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director George Oliver purchased 63 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.60% of the company’s stock.

Institutional Trading of NVR

Several large investors have recently modified their holdings of NVR. BlackRock Inc. acquired a new position in shares of NVR in the second quarter worth about $2,004,324,000. Capital Research Global Investors grew its stake in NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. State Street Corp increased its holdings in NVR by 0.9% during the 2nd quarter. State Street Corp now owns 128,768 shares of the construction company’s stock worth $877,348,000 after purchasing an additional 1,172 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of NVR in the 4th quarter valued at approximately $311,496,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.