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

NVR, Inc. (NYSE:NVR) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8,530.50.

A number of research firms have recently commented on NVR. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Bank of America lowered their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 14 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares of the company’s stock, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC lifted its holdings in shares of NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after buying an additional 129 shares in the last quarter. Nomura Holdings Inc. raised its stake in NVR by 39.8% in the 1st quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after purchasing an additional 39 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in NVR in the 1st quarter worth about $1,630,000. BNP Paribas Financial Markets boosted its holdings in NVR by 8.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,029 shares of the construction company’s stock valued at $50,921,000 after purchasing an additional 568 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of NVR by 569.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 11,877 shares of the construction company’s stock worth $86,042,000 after purchasing an additional 10,102 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Trading Up 0.8%

NYSE:NVR opened at $7,399.89 on Friday. NVR has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. The company has a market cap of $21.02 billion, a PE ratio of 16.24, a P/E/G ratio of 9.95 and a beta of 1.01. The business’s 50 day moving average is $7,409.52 and its two-hundred day moving average is $7,670.16.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping the consensus estimate of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the company earned $130.50 earnings per share. On average, analysts predict that NVR will post 505.2 EPS for the current year.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.