NVR (NYSE:NVR) Cut to “Hold” at Seaport Res Ptn

Seaport Res Ptn downgraded shares of NVR (NYSE:NVR) from a strong-buy rating to a hold rating in a research note published 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.

Several other research firms have also recently weighed in on NVR. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Trading Down 0.1 %

Shares of NVR stock opened at $9,105.67 on Friday. The company’s 50-day moving average price is $9,442.51 and its 200-day moving average price is $8,522.62. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 18.61, a PEG 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 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 firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the firm earned $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that NVR will post 490.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last three months. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its position in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. bought a new position in NVR during the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. purchased a new stake in NVR in the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR in the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA increased its stake in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the period. 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.