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

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7,649.3333.

Several research analysts have issued reports on NVR shares. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Truist Financial lowered their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group lowered their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd.

NVR Stock Up 0.1%

NVR stock opened at $6,042.13 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. NVR has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a 50 day moving average price of $6,405.30 and a two-hundred day moving average price of $7,086.49. The firm has a market cap of $16.31 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 4.45 and a beta of 0.95.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business posted $94.83 EPS. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. Equities analysts predict that NVR will post 375.15 EPS for the current year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito acquired 11 shares of the stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Several hedge funds have recently modified their holdings of the stock. Murphy Middleton Hinkle & Parker Inc. bought a new stake in NVR during the 4th quarter valued at $11,610,000. Principal Financial Group Inc. increased its stake in NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after purchasing an additional 2,331 shares in the last quarter. Alberta Investment Management Corp bought a new stake in NVR during the 3rd quarter valued at $4,017,000. American Century Companies Inc. increased its stake in NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after purchasing an additional 925 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in NVR during the 3rd quarter valued at $691,000. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

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.