NVR (NYSE:NVR) Reaches New 1-Year Low - What's Next?

NVR, Inc. (NYSE:NVR - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $7,025.74 and last traded at $7,054.63, with a volume of 517 shares trading hands. The stock had previously closed at $7,094.80.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVR. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, NVR currently has an average rating of "Hold" and an average target price of $9,356.67.

NVR Trading Down 0.4 %

The company has a market cap of $21.48 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $7,868.87 and its two-hundred day simple moving average is $8,737.87.

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NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in shares of NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock valued at $1,119,000 after buying an additional 2 shares during the last quarter. Private Trust Co. NA lifted its position 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 acquiring an additional 2 shares during the period. GAMMA Investing LLC grew its stake in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC increased its holdings in shares of NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after purchasing an additional 2 shares during the period. Finally, Lakewood Asset Management LLC lifted its holdings in shares of NVR by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

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.