NVR (NYSE:NVR) Lowered to Hold Rating by Seaport Res Ptn

Seaport Res Ptn cut shares of NVR (NYSE:NVR) from a strong-buy rating to a hold rating in a report issued on Sunday,Zacks.com reports. Seaport Res Ptn also issued estimates for NVR’s Q4 2024 earnings at $104.00 EPS, FY2024 earnings at $471.00 EPS and FY2025 earnings at $460.00 EPS.

A number of other analysts also recently weighed in on NVR. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group lifted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company 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 MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus target price of $8,783.33.

NVR Stock Performance

Shares of NVR opened at $9,105.67 on Friday. NVR has a one year low of $6,052.58 and a one year high of $9,964.77. The company has a 50-day simple moving average of $9,442.51 and a two-hundred day simple moving average of $8,522.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market capitalization of $27.86 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $125.26 earnings per share. On average, analysts anticipate that NVR will post 490.62 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On NVR

A number of hedge funds have recently bought and sold shares of the business. Blue Trust Inc. purchased a new stake in NVR during the 3rd quarter valued at $39,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of NVR by 1.3% in the first 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. increased its position in NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after acquiring an additional 2,432 shares during the last quarter. Sei Investments Co. lifted its holdings in NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after acquiring an additional 1,254 shares during the period. Finally, Swedbank AB purchased a new position in NVR in the first quarter worth about $931,000. Hedge funds and other 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.