NVR (NYSE:NVR) Hits New 1-Year Low – Should You Sell?

NVR, Inc. (NYSE:NVR)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7,207.42 and last traded at $7,206.50, with a volume of 13771 shares. The stock had previously closed at $7,365.72.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVR. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America dropped their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

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 stock’s fifty day moving average is $8,054.64 and its 200-day moving average is $8,800.81. The stock has a market cap of $22.14 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings data 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 net margin of 16.34% and a return on equity of 39.58%. As a group, equities analysts anticipate that NVR, Inc. will post 512.33 EPS for the current year.

NVR declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated 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 owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in NVR in the fourth quarter valued at about $3,277,825,000. International Assets Investment Management LLC lifted its position in shares of NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NVR by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. Capital Research Global Investors lifted its position in shares of NVR by 11.7% during the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock worth $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its position in shares of NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock worth $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.