NVR, Inc. (NYSE:NVR) Given Consensus Rating of “Moderate Buy” by Analysts

NVR, Inc. (NYSE:NVR) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $8,279.40.

Several research analysts recently weighed in on NVR shares. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. Finally, UBS Group set a $8,100.00 price target on NVR in a research note on Friday.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 920 shares of company stock worth $7,428,324. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of NVR by 150.0% during the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares in the last quarter. Oakworth Capital Inc. purchased a new position in NVR in the 4th quarter worth $36,000. Assetmark Inc. raised its stake in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares during the last quarter. State of Wyoming acquired a new stake in NVR during the 2nd quarter worth about $44,000. Finally, Zions Bancorporation National Association UT increased its holdings in NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 7.2%

NVR stock opened at $7,511.54 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 market cap of $20.96 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.60 and a beta of 1.03. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $7,571.39 and a two-hundred day simple moving average of $7,711.54.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the business posted $139.93 EPS. NVR’s revenue was down 5.2% on a year-over-year basis. Analysts predict that NVR will post 505.2 EPS for the current year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.