NVR, Inc. (NYSE:NVR) Receives Average Recommendation of “Hold” from Analysts

NVR, Inc. (NYSE:NVR) has been given an average recommendation of “Hold” by the four ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9,765.00.

Several equities analysts recently commented on the company. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th.

NVR Price Performance

NVR stock opened at $8,070.60 on Tuesday. The business’s 50-day moving average is $8,837.07 and its two-hundred day moving average is $8,816.97. 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 firm has a market capitalization of $24.73 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.84 and a beta of 1.20. NVR has a 1 year low of $6,800.00 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business earned $125.26 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that NVR will post 494.48 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

Institutional Trading of NVR

A number of hedge funds have recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators raised its stake in shares of NVR by 8.7% during the second quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company’s stock worth $190,000 after purchasing an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company’s stock worth $2,383,000 after acquiring an additional 2 shares during the period. Drive Wealth Management LLC boosted its holdings in shares of NVR by 7.7% in the second quarter. Drive Wealth Management LLC now owns 28 shares of the construction company’s stock valued at $212,000 after acquiring an additional 2 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock worth $167,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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.