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

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus rating of “Hold” from the four research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $9,356.67.

Several equities analysts recently weighed in on NVR shares. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

NVR Stock Performance

NYSE:NVR opened at $7,999.06 on Friday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $24.48 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.34 and a beta of 1.20. The firm’s 50 day moving average is $8,439.94 and its two-hundred day moving average is $8,880.95. NVR has a fifty-two week low of $7,018.03 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Analysts expect that NVR will post 521.74 EPS for the current year.

NVR announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NVR

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in 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 during the last quarter. Principal Financial Group Inc. raised its holdings in shares of NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after purchasing an additional 1,549 shares during the period. Jennison Associates LLC lifted its position in shares of NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after buying an additional 2,027 shares during the last quarter. Smead Capital Management Inc. boosted its holdings in shares of NVR by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the period. Finally, Marshfield Associates grew its position in shares of NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

About NVR

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.