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

Seaport Res Ptn downgraded shares of NVR (NYSE:NVR) from a strong-buy rating to a hold rating in a research note released on Sunday,Zacks.com reports.

NVR has been the subject of a number of other research reports. Bank of America decreased their target price 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 boosted their target price 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. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four 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.com, NVR presently has an average 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 price-to-earnings ratio of 18.91, a PEG ratio of 1.99 and a beta of 1.20. The firm’s 50-day moving average is $9,442.19 and its 200 day moving average is $8,508.18. NVR has a 1 year low of $5,950.21 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (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 during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $125.26 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that NVR will post 496.62 EPS for the current fiscal year.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred 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 $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred 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 $1,965,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 125 shares of the 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 transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in NVR during the 3rd quarter worth approximately $39,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after acquiring an additional 71 shares during the period. Assenagon Asset Management S.A. raised its stake in NVR by 3,377.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock worth $19,002,000 after acquiring an additional 2,432 shares during the period. Sei Investments Co. raised its stake in NVR by 89.6% during the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after acquiring an additional 1,254 shares during the period. Finally, Swedbank AB bought a new stake in NVR during the 1st quarter worth approximately $931,000. Institutional investors own 83.67% of the company’s stock.

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.