NVR (NYSE:NVR) Downgraded by Seaport Research Partners to “Strong Sell”

NVR (NYSE:NVR) was downgraded by Seaport Research Partners from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

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

NVR Price Performance

Shares of NYSE NVR opened at $6,501.06 on Monday. NVR has a twelve month low of $6,301.02 and a twelve month high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.27 and a beta of 1.07. The firm has a 50-day moving average of $7,147.91 and a two-hundred day moving average of $7,391.81.

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

NVR announced that its board has initiated a stock buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was 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 owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its holdings in shares of NVR by 35.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 185 shares of the construction company’s stock valued at $1,349,000 after purchasing an additional 48 shares during the period. Meadowbrook Advisors Group LLC acquired a new position in shares of NVR in the 4th quarter valued at about $868,000. Corient Private Wealth LLC increased its holdings in shares of NVR by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 9,116 shares of the construction company’s stock valued at $66,481,000 after purchasing an additional 136 shares during the period. Pure Financial Advisors LLC increased its holdings in shares of NVR by 1.0% in the 4th quarter. Pure Financial Advisors LLC now owns 311 shares of the construction company’s stock valued at $2,268,000 after purchasing an additional 3 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of NVR in the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Company Profile

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.