NVR (NYSE:NVR) Shares Break Below Fifty Day Moving Average After Analyst Downgrade

NVR, Inc. (NYSE:NVR)’s share price crossed below its 50-day moving average during trading on Tuesday after Morgan Stanley lowered their price target on the stock from $5,058.00 to $4,864.00. The stock has a 50-day moving average of $6,109.73 and traded as low as $6,024.72. Morgan Stanley currently has an underweight rating on the stock. NVR shares last traded at $6,033.0590, with a volume of 38,437 shares.

NVR has been the topic of several other research reports. Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. BTIG Research restated a “buy” rating on shares of NVR in a report on Friday, October 23rd. UBS Group upped their price objective on NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Finally, Bank of America cut NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price objective on the stock. in a research report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6,564.83.

Insider Buying and Selling

In other NVR news, Director George Oliver bought 63 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Institutional Trading of NVR

A number of institutional investors have recently made changes to their positions in NVR. StoneX Group Inc. boosted its position in shares of NVR by 29.6% during the 3rd quarter. StoneX Group Inc. now owns 92 shares of the construction company’s stock valued at $571,000 after acquiring an additional 21 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of NVR by 5.0% in the third quarter. Parallel Advisors LLC now owns 63 shares of the construction company’s stock valued at $388,000 after purchasing an additional 3 shares in the last quarter. International Assets Investment Management LLC increased its position in NVR by 5.5% in the third quarter. International Assets Investment Management LLC now owns 58 shares of the construction company’s stock worth $355,000 after purchasing an additional 3 shares during the last quarter. Kestra Advisory Services LLC increased its position in NVR by 7.6% in the third quarter. Kestra Advisory Services LLC now owns 353 shares of the construction company’s stock worth $2,172,000 after purchasing an additional 25 shares during the last quarter. Finally, Capstone Wealth Management LLC bought a new stake in NVR in the third quarter worth $369,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 3.7%

The company has a market cap of $16.05 billion, a PE ratio of 16.63 and a beta of 0.93. The stock’s 50 day moving average is $6,109.73 and its 200-day moving average is $6,542.55. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.23%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business earned $112.33 EPS. NVR’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 350.65 EPS for the current year.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.