NVR (NYSE:NVR) Sets New 52-Week Low - Here's Why

NVR, Inc. (NYSE:NVR - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $7,207.42 and last traded at $7,206.50, with a volume of 13771 shares traded. The stock had previously closed at $7,365.72.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research analyst reports. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR presently has a consensus rating of "Hold" and an average target price of $9,356.67.

NVR Price Performance

The stock has a market capitalization of $21.18 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a 50-day simple moving average of $7,959.67 and a 200 day simple moving average of $8,770.32.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 7.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. JDM Financial Group LLC acquired a new position in shares of NVR in the 4th quarter valued at $25,000. Blue Trust Inc. acquired a new stake in NVR during the 3rd quarter worth $39,000. Rakuten Securities Inc. acquired a new stake in NVR during the 3rd quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares during the period. Finally, Private Trust Co. NA raised its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

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.