NVR (NYSE:NVR) Sets New 1-Year Low – Here’s What Happened

NVR, Inc. (NYSE:NVR) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7,025.74 and last traded at $7,054.63, with a volume of 517 shares. The stock had previously closed at $7,094.80.

Analyst Upgrades and Downgrades

NVR has been the topic of several research reports. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Performance

The firm has a market cap of $21.91 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The business has a 50 day simple moving average of $7,907.73 and a two-hundred day simple moving average of $8,759.70. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. purchased a new stake in NVR during the 3rd quarter worth approximately $39,000. Peak Financial Advisors LLC acquired a new stake in shares of NVR during the fourth quarter worth $1,235,000. JPMorgan Chase & Co. grew its holdings in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after buying an additional 2,206 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of NVR in the 3rd quarter valued at $9,341,000. Finally, Brown Brothers Harriman & Co. raised its stake in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after acquiring an additional 250 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.