Seaport Res Ptn Downgrades NVR (NYSE:NVR) to Hold

NVR (NYSE:NVR) was downgraded by equities research analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $8,783.33.

NVR Stock Performance

Shares of NVR stock opened at $9,249.26 on Friday. The stock has a market cap of $28.30 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The business has a fifty day simple moving average of $9,442.19 and a 200-day simple moving average of $8,508.18. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR has a 12 month low of $5,950.21 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $125.26 EPS. On average, sell-side analysts anticipate that NVR will post 496.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Drive Wealth Management LLC lifted its holdings in shares of NVR by 7.7% during the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock worth $212,000 after buying an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock worth $2,383,000 after buying an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock worth $190,000 after buying an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock worth $167,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.