NVR (NYSE:NVR) Hits New 12-Month Low – Here’s What Happened

NVR, Inc. (NYSE:NVR) hit a new 52-week low during trading on Thursday . The stock traded as low as $6,357.45 and last traded at $6,392.6650, with a volume of 13096 shares. The stock had previously closed at $6,482.82.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Truist Financial started coverage on shares of NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company. Finally, UBS Group set a $8,100.00 price target on NVR in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $8,182.83.

NVR Stock Down 1.8%

The stock has a 50-day moving average price of $7,443.85 and a 200-day moving average price of $7,569.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The company has a market capitalization of $17.77 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.24 and a beta of 1.04.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating the consensus estimate of $105.42 by $16.12. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $139.93 earnings per share. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has approved a share buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the transaction, the director owned 386 shares in the company, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVR

Several large investors have recently added to or reduced their stakes in NVR. DV Equities LLC acquired a new stake in NVR in the fourth quarter worth $29,000. Strive Financial Group LLC bought a new position in shares of NVR during the 4th quarter worth about $29,000. Oakworth Capital Inc. acquired a new stake in shares of NVR in the 4th quarter valued at about $36,000. State of Wyoming bought a new stake in NVR in the 2nd quarter valued at about $44,000. Finally, Zions Bancorporation National Association UT raised its stake in NVR by 600.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.