NVR, Inc. (NYSE:NVR) has received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2,672.00.

NVR has been the subject of several analyst reports. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a report on Monday, April 24th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates cut NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up from $1,900.00) on shares of NVR in a report on Tuesday, July 25th.

NVR (NVR) opened at 2742.09 on Tuesday. NVR has a 12 month low of $1,478.04 and a 12 month high of $2,767.30. The stock’s 50 day moving average price is $2,570.21 and its 200-day moving average price is $2,234.22. The company has a market capitalization of $10.26 billion, a P/E ratio of 21.69 and a beta of 0.67.

NVR (NYSE:NVR) last issued its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the consensus estimate of $28.63 by $6.56. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.57 billion. NVR had a return on equity of 37.43% and a net margin of 8.67%. NVR’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $22.01 EPS. On average, equities research analysts predict that NVR will post $139.24 EPS for the current fiscal year.

In other NVR news, Director Susan Williamson Ross acquired 30 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $2,253.43 per share, for a total transaction of $67,602.90. Following the acquisition, the director now owns 30 shares in the company, valued at approximately $67,602.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Paul C. Saville sold 2,086 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $2,315.08, for a total value of $4,829,256.88. Following the completion of the sale, the chief executive officer now owns 118,066 shares of the company’s stock, valued at approximately $273,332,235.28. The disclosure for this sale can be found here. Insiders have sold a total of 7,161 shares of company stock valued at $17,949,273 over the last 90 days. 11.30% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in NVR by 11.3% in the first quarter. Bank of Montreal Can now owns 217 shares of the construction company’s stock valued at $457,000 after buying an additional 22 shares during the period. Cim LLC boosted its stake in NVR by 6.1% in the first quarter. Cim LLC now owns 278 shares of the construction company’s stock valued at $586,000 after buying an additional 16 shares during the period. Huntington National Bank boosted its stake in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares during the period. Retirement Systems of Alabama boosted its stake in NVR by 2.7% in the first quarter. Retirement Systems of Alabama now owns 7,576 shares of the construction company’s stock valued at $15,962,000 after buying an additional 197 shares during the period. Finally, James Investment Research Inc. acquired a new stake in NVR during the first quarter valued at $158,000. Institutional investors and hedge funds own 77.29% of the company’s stock.

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About NVR

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Analyst Recommendations for NVR (NYSE:NVR)

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