Are NVR (NYSE:NVR) Shares a Sell Now? Credit Suisse Has Downgraded Stock


NVR (NYSE:NVR) Receives a Downgrade

Credit Suisse has lowered the rating for shares of NVR (NYSE:NVR) to a solid Underperform in analysts note announced on Tuesday, 15 December. NVR’s previous rating by the firm was a Neutral.

The stock decreased 0.50% or $8.31 during the last trading session, striking $1658.69. Approximately 34,272 shares of stock traded hands or 44.21% up from the average. NVR, Inc. (NYSE:NVR) has risen 27.56% since May 12, 2015 and is uptrending. It has outperformed by 31.23% the S&P500.

The overall sentiment of institutions has decreased to 1.25 in Q2 2015. Its down 0.32, from 1.57 in 2015Q2. The ratio fall, as 25 institutions have sold all the shares of NVR, Inc. that they owned while 83 funds have taken shares off the table. 46 funds have purchased shares for the first time while 89 added to their positions. These institutions now hold 3.05 million shares or 10.88% less than the 3.43 million shares they owned in 2015Q2.

The Fund Impala Asset Management Llc currently is holding shares equating to 19.11% of its total portfolio in NVR, Inc. representing a total of 209,161 shares. Another fund,Ramsey Asset Management, is holding a total of 3,050 shares equating to 8.2% of their holdings. Additionally, Smead Capital Management Inc. has a 75,513 share stake in NVR, Inc. which represents 6.15% of their total portfolio. The Fund, Marshfield Associates, based out of , has also built up a stake in the stock, which represents a total of 6.02% of their total portfolio. Finally Pennant Capital Management Llc, a fund which is based in the state of New Jersey reported a total holdings of 161,737 shares.

Insider activity is a very important aspect to track on any stock. Going back to April 29, 2015, shareholders of NVR, Inc. have witnessed 0 buys, and a total of 3 sales equating to a net activity of approximately $31.54 million . Johnson Manuel H sold 200 shares worth approximately $324,200. Saville Paul C sold 18,000 shares worth approximately $28.10M. Bredow Eugene James sold 1,985 shares worth approximately $3.11 million. Grier Eddie Arthur bought 33 shares worth approximately $44,550.

NVR, Inc. is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The company has a market cap of $6.52 billion. The Firm also operates a mortgage banking and title services business through its wholly owned subsidiary, NVR Mortgage Finance, Inc. . It has 20.35 P/E ratio. The Firm provides single-family detached homes, townhomes and condominium buildings with basic home designs.

According to Zacks Investment Research, “NVR Inc. is a holding company that operates in two business segments; the construction and marketing of homes and in financial services. NVR’s homebuilding operations construct and sell single-family detached homes, townhomes and condominium buildings in two distinct product lines through the two divisions known as Ryan Homes and NVHomes. NVR’s also provides financial services including a mortgage banking operation. NVR’s mortgage banking business generates revenues primarily from origination fees, servicing fees,gains on marketing of loans, title fees, and sales of servicing rights.”