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

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

A number of other brokerages have also recently weighed in on NVR. UBS Group increased their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8,783.33.

NVR Trading Down 0.6 %

Shares of NVR opened at $9,249.26 on Friday. The company has a market capitalization of $28.30 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.99 and a beta of 1.20. NVR has a one year low of $5,950.21 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock has a 50-day moving average price of $9,442.19 and a 200 day moving average price of $8,508.18.

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

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm’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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The shares were 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 in the company, 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. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On NVR

Several hedge funds have recently modified their holdings of NVR. Massmutual Trust Co. FSB ADV boosted its stake in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the 3rd quarter worth $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR during the 3rd quarter worth $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR during the 2nd quarter worth $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of NVR during the 2nd quarter worth $53,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

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.