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

NVR, Inc. (NYSE:NVR) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7,649.3333.

A number of equities research analysts have recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial cut their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Finally, UBS Group cut their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by insiders.

Institutional Investors Weigh In On NVR

Hedge funds have recently bought and sold shares of the business. DV Equities LLC bought a new stake in NVR during the fourth quarter worth about $29,000. Strive Financial Group LLC bought a new stake in NVR during the fourth quarter worth about $29,000. Oakworth Capital Inc. bought a new stake in NVR during the fourth quarter worth about $36,000. State of Wyoming bought a new stake in NVR during the second quarter worth about $44,000. Finally, USA Financial Formulas boosted its stake in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 0.0%

Shares of NVR opened at $6,102.06 on Monday. The firm’s 50-day moving average price is $6,362.93 and its 200-day moving average price is $7,046.53. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 4.50 and a beta of 0.93. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $94.83 EPS. Sell-side analysts anticipate that NVR will post 375.15 EPS for the current year.

NVR announced that its board has approved a stock repurchase program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors 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.