NVR, Inc. (NYSE:NVR) Stock Now Rated “Reduce” by Wall Street Brokerages

NVR, Inc. (NYSE:NVR) has been given an average rating of “Reduce” by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6,597.17.

Several research firms have commented on NVR. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Morgan Stanley assumed coverage on NVR in a research note on Thursday, October 1st. They set an “underweight” rating and a $5,058.00 target price on the stock. UBS Group raised their price target on NVR from $7,400.00 to $7,425.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. Finally, BTIG Research reissued a “buy” rating on shares of NVR in a research note on Friday, October 23rd.

Insider Buying and Selling

In related news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVR

A number of hedge funds have recently added to or reduced their stakes in NVR. BlackRock Inc. purchased a new stake in shares of NVR in the second quarter valued at approximately $2,004,324,000. 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 period. Dimensional Fund Advisors LP increased its holdings in NVR by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 40,154 shares of the construction company’s stock worth $264,589,000 after purchasing an additional 1,588 shares during the period. Caisse de depot et placement du Quebec bought a new stake in NVR during the 2nd quarter valued at $194,114,000. Finally, First Trust Advisors LP raised its position in NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after purchasing an additional 21,926 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 0.3%

Shares of NVR stock opened at $5,786.98 on Thursday. 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 debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market capitalization of $15.39 billion, a P/E ratio of 15.95 and a beta of 0.90. The company has a fifty day moving average of $6,133.78 and a 200 day moving average of $6,573.12.

NVR (NYSE:NVR) last released its earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a return on equity of 29.23% and a net margin of 11.51%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the firm posted $112.33 EPS. NVR’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that NVR will post 350.65 earnings per share for the current fiscal year.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.