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

NVR, Inc. (NYSE:NVR) has earned a consensus recommendation of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9,356.67.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Metis Global Partners LLC increased its stake in NVR by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after buying an additional 2 shares during the period. CIBC Asset Management Inc lifted its stake in shares of NVR by 6.9% in the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company’s stock valued at $4,562,000 after purchasing an additional 30 shares during the last quarter. Empirical Finance LLC boosted its holdings 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 purchasing an additional 4 shares in the last quarter. Mizuho Securities USA LLC increased its position in NVR by 6,454.8% during 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 during the last quarter. Finally, Evergreen Wealth Management LLC raised its holdings in NVR by 12.8% during the third quarter. Evergreen Wealth Management LLC now owns 106 shares of the construction company’s stock valued at $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 Price Performance

Shares of NVR opened at $7,228.03 on Friday. NVR has a one year low of $7,015.00 and a one year high of $9,964.77. The stock’s fifty day moving average is $7,677.46 and its 200-day moving average is $8,620.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities analysts anticipate that NVR will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.