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

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average recommendation of “Hold” from the three research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10,025.00.

NVR has been the subject of several recent analyst reports. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th.

NVR Stock Down 0.6 %

Shares of NVR stock opened at $8,796.60 on Friday. NVR has a one year low of $6,521.06 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The stock has a fifty day moving average price of $9,268.62 and a 200 day moving average price of $8,730.59. The stock has a market cap of $26.95 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $125.26 earnings per share. NVR’s revenue was up 6.6% on a year-over-year basis. Analysts predict that NVR will post 494.48 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. acquired a new stake in NVR in the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new stake in shares of NVR during the 3rd quarter valued at $39,000. Redwood Wealth Management Group LLC bought a new stake in shares of NVR during the second quarter worth about $46,000. Finally, Private Trust Co. NA grew its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

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.