NVR (NVR) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of NVR (NYSE:NVR) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

A number of other equities research analysts have also issued reports on NVR. UBS increased their target price on NVR from $3,450.00 to $3,750.00 and gave the company a neutral rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered NVR from a buy rating to a hold rating in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. NVR presently has an average rating of Hold and an average price target of $3,119.25.

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NVR stock opened at $2,800.00 on Thursday. The company has a quick ratio of 1.67, a current ratio of 3.62 and a debt-to-equity ratio of 0.37. NVR has a 1 year low of $2,028.99 and a 1 year high of $3,700.00. The stock has a market capitalization of $10,312.68, a PE ratio of 19.78, a P/E/G ratio of 0.97 and a beta of 0.65.

NVR (NYSE:NVR) last posted its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business posted $37.80 EPS. NVR’s quarterly revenue was up 3.6% compared to the same quarter last year. equities analysts predict that NVR will post 188.66 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

In other NVR news, Director William Grady Rosier sold 650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the completion of the sale, the director now owns 1,862 shares in the company, valued at approximately $5,857,665.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Melquiades R. Martinez sold 47 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total value of $141,000.00. Following the sale, the director now owns 178 shares of the company’s stock, valued at approximately $534,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,097 shares of company stock valued at $3,373,063. 11.30% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Palo Capital Inc. grew its stake in NVR by 6.1% during the 4th quarter. Palo Capital Inc. now owns 1,031 shares of the construction company’s stock valued at $3,617,000 after purchasing an additional 59 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of NVR by 57.2% in the 4th quarter. Wells Fargo & Company MN now owns 31,303 shares of the construction company’s stock worth $109,816,000 after acquiring an additional 11,396 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of NVR by 48.0% in the 3rd quarter. Macquarie Group Ltd. now owns 370 shares of the construction company’s stock worth $1,057,000 after acquiring an additional 120 shares in the last quarter. Invictus RG acquired a new position in shares of NVR in the 3rd quarter worth approximately $305,000. Finally, Hutchens Investment Management Inc acquired a new position in shares of NVR in the 4th quarter worth approximately $350,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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