NVR, Inc. (NYSE:NVR) Receives Average Recommendation of “Buy” from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3,450.67.

NVR has been the topic of several recent analyst reports. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Co upped their price target on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Buckingham Research upped their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Evercore ISI raised shares of NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 price target on the stock in a report on Thursday, July 11th.

In other news, CFO Daniel David Malzahn sold 951 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $3,562.49, for a total transaction of $3,387,927.99. Following the completion of the transaction, the chief financial officer now owns 3,522 shares in the company, valued at $12,547,089.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul C. Saville sold 3,000 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $3,342.38, for a total transaction of $10,027,140.00. Following the transaction, the chief executive officer now owns 113,770 shares of the company’s stock, valued at approximately $380,262,572.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,301 shares of company stock valued at $111,110,997. 11.10% of the stock is owned by insiders.



Institutional investors have recently added to or reduced their stakes in the company. Weaver Consulting Group bought a new position in NVR in the 1st quarter valued at about $34,000. Howe & Rusling Inc. bought a new position in NVR in the 1st quarter valued at about $47,000. Point72 Asset Management L.P. acquired a new stake in NVR in the 2nd quarter valued at about $67,000. Machina Capital S.A.S. acquired a new stake in NVR in the 2nd quarter valued at about $71,000. Finally, Penserra Capital Management LLC acquired a new stake in NVR in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 78.22% of the company’s stock.

NVR traded down $6.61 during trading on Friday, hitting $3,490.32. The company had a trading volume of 9,153 shares, compared to its average volume of 25,417. The company has a market cap of $12.75 billion, a P/E ratio of 17.92, a PEG ratio of 1.57 and a beta of 0.65. The stock has a 50-day moving average of $3,421.63. The company has a current ratio of 4.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.32. NVR has a 1-year low of $2,040.71 and a 1-year high of $3,582.99.

NVR (NYSE:NVR) last posted its quarterly earnings results on Friday, July 19th. The construction company reported $53.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $44.87 by $8.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.75 billion. NVR had a net margin of 11.54% and a return on equity of 44.03%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $49.05 earnings per share. Sell-side analysts predict that NVR will post 206.55 earnings per share for the current year.

NVR announced that its board has authorized a stock repurchase plan on Thursday, May 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Analyst Recommendations for NVR (NYSE:NVR)

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