Brokerages Set NVR, Inc. (NYSE:NVR) Target Price at $9,356.67

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus recommendation of “Hold” from the four analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9,356.67.

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

NVR Price Performance

Shares of NVR stock opened at $7,208.31 on Thursday. The company has a market capitalization of $21.40 billion, a P/E ratio of 14.20, a P/E/G ratio of 2.39 and a beta of 1.07. The company’s 50-day simple moving average is $7,262.85 and its two-hundred day simple moving average is $8,301.28. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. 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 (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) 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, equities analysts anticipate that NVR will post 505.2 EPS for the current year.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s 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 value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Institutional investors have recently made changes to their positions in the business. Peak Financial Advisors LLC purchased a new stake in NVR in the fourth quarter valued at about $1,235,000. JPMorgan Chase & Co. increased its holdings in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after acquiring an additional 2,206 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in NVR in the 4th quarter worth approximately $1,701,000. Markel Group Inc. grew its position in NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after purchasing an additional 110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after purchasing an additional 644 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.