Brokerages Set NVR, Inc. (NYSE:NVR) Target Price at $8,279.40

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8,279.40.

A number of equities analysts recently commented on NVR shares. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research note on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. BTIG Research initiated coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. UBS Group set a $8,100.00 price objective on shares of NVR in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,088,000. This trade represents a 36.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 over the last three months. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

Hedge funds have recently modified their holdings of the stock. Rare Wolf Capital LLC bought a new position in NVR during the fourth quarter worth $489,000. Corient Private Wealth LLC raised its holdings in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the period. Strive Financial Group LLC acquired a new position in shares of NVR during the fourth quarter valued at about $29,000. Mercer Global Advisors Inc. ADV boosted its position in shares of NVR by 43.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,461 shares of the construction company’s stock worth $10,657,000 after purchasing an additional 442 shares in the last quarter. Finally, Delta Global Management LP grew its stake in shares of NVR by 10.3% in the 4th quarter. Delta Global Management LP now owns 331 shares of the construction company’s stock valued at $2,414,000 after buying an additional 31 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,576.23 on Friday. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.59 and a beta of 1.03. NVR has a twelve month low of $6,562.85 and a twelve month high of $8,618.28. The company’s fifty day moving average is $7,576.82 and its 200 day moving average is $7,703.95. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business earned $139.93 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that NVR will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.