NVR, Inc. (NYSE:NVR) Receives $7,224.20 Average Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7,224.20.

Several analysts recently issued reports on NVR shares. BTIG Research set a $7,446.00 target price on NVR in a report on Friday, July 24th. Truist Financial decreased their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. UBS Group lowered their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Bank of America dropped their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th.

Insider Buying and Selling

In other news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently modified their holdings of NVR. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its position in shares of NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after buying an additional 2 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after buying an additional 2 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after acquiring an additional 2 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NVR by 28.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

Shares of NVR opened at $6,134.18 on Wednesday. NVR has a 12 month low of $5,501.01 and a 12 month high of $8,563.79. The firm has a fifty day simple moving average of $6,393.67 and a 200 day simple moving average of $6,481.58. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 10.53 and a beta of 0.91. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business earned $108.54 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. Research analysts forecast that NVR will post 367.13 EPS for the current fiscal year.

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.