NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Brokerages

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

Several equities research analysts have weighed in on NVR shares. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th.

NVR Trading Down 1.5 %

Shares of NYSE NVR opened at $7,181.22 on Friday. The business’s 50 day moving average is $7,606.71 and its two-hundred day moving average is $8,554.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The stock has a market capitalization of $21.47 billion, a P/E ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, research analysts expect that NVR will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

A number of large investors have recently modified their holdings of NVR. Metis Global Partners LLC boosted its holdings in shares of NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 2 shares during the period. CIBC Asset Management Inc raised its stake in NVR by 6.9% in the third quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock worth $4,562,000 after buying an additional 30 shares in the last quarter. Empirical Finance LLC raised its stake in NVR by 4.1% in the third quarter. Empirical Finance LLC now owns 101 shares of the construction company’s stock worth $991,000 after buying an additional 4 shares in the last quarter. Mizuho Securities USA LLC raised its stake in NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after buying an additional 16,266 shares in the last quarter. Finally, Evergreen Wealth Management LLC raised its stake in NVR by 12.8% in the third quarter. Evergreen Wealth Management LLC now owns 106 shares of the construction company’s stock worth $1,036,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors 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.