NVR, Inc. (NVR) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of NVR, Inc. (NYSE:NVR) have received an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3,042.00.

Several equities analysts recently commented on NVR shares. Zacks Investment Research downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Bank of America downgraded shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price objective for the company. in a research note on Thursday, October 18th. Wells Fargo & Co reissued a “market perform” rating and issued a $2,410.00 price objective (down previously from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Finally, ValuEngine downgraded shares of NVR from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th.

In other news, insider Robert W. Henley sold 4,203 shares of the firm’s stock in a transaction on Thursday, October 25th. The shares were sold at an average price of $2,131.63, for a total transaction of $8,959,240.89. Following the completion of the transaction, the insider now owns 797 shares of the company’s stock, valued at $1,698,909.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melquiades R. Martinez purchased 60 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $2,359.50 per share, with a total value of $141,570.00. Following the purchase, the director now directly owns 191 shares of the company’s stock, valued at approximately $450,664.50. The disclosure for this purchase can be found here. In the last three months, insiders sold 26,163 shares of company stock valued at $57,909,385. 11.30% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of NVR during the second quarter valued at $109,000. Atlantic Trust LLC acquired a new stake in shares of NVR during the third quarter worth $124,000. Cerebellum GP LLC increased its position in shares of NVR by 57.8% during the third quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock worth $175,000 after buying an additional 26 shares during the period. WealthPLAN Partners LLC acquired a new stake in shares of NVR during the second quarter worth $220,000. Finally, Algert Global LLC acquired a new stake in shares of NVR during the third quarter worth $220,000. 78.74% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NVR traded down $35.63 during trading hours on Monday, hitting $2,456.76. 28,382 shares of the stock were exchanged, compared to its average volume of 29,110. The company has a current ratio of 3.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 0.97 and a beta of 0.62. NVR has a 1-year low of $2,040.71 and a 1-year high of $3,700.00.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $50.94 by ($2.66). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. NVR had a return on equity of 47.30% and a net margin of 10.10%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $38.02 EPS. On average, equities research analysts forecast that NVR will post 185.25 earnings per share for the current year.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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