NVR (NYSE:NVR) Downgraded by Seaport Res Ptn to "Hold"

Seaport Res Ptn lowered shares of NVR (NYSE:NVR - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Sunday morning,Zacks.com reports.

A number of other research firms have also weighed in on NVR. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group raised their price objective on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, NVR presently has an average rating of "Hold" and an average target price of $8,783.33.

NVR Trading Down 1.8 %

Shares of NVR stock traded down $169.88 during mid-day trading on Friday, reaching $9,079.38. The company's stock had a trading volume of 7,742 shares, compared to its average volume of 19,077. The company's 50 day simple moving average is $9,442.19 and its 200-day simple moving average is $8,508.18. NVR has a 12-month low of $5,950.21 and a 12-month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $27.78 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last issued 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 net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period in the prior year, the business posted $125.26 EPS. The business's revenue was up 6.6% on a year-over-year basis. On average, research analysts predict that NVR will post 496.62 EPS for the current fiscal year.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $2,186,679. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On NVR

Several hedge funds have recently made changes to their positions in NVR. Drive Wealth Management LLC increased its position in shares of NVR by 7.7% in the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock worth $212,000 after acquiring an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in NVR by 0.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock valued at $2,383,000 after purchasing an additional 2 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock valued at $190,000 after purchasing an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds 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.