NVR, Inc. (NYSE:NVR) Given Average Recommendation of “Hold” by Brokerages

Shares of NVR, Inc. (NYSE:NVR) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $7,649.3333.

NVR has been the subject of a number of research reports. UBS Group reduced their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research 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 report on Tuesday, April 7th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial cut their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd.

NVR Stock Performance

NVR opened at $6,480.86 on Friday. The firm has a market capitalization of $17.50 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 4.62 and a beta of 0.93. The stock’s 50 day moving average price is $6,292.19 and its two-hundred day moving average price is $6,945.85. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR has a 12-month low of $5,501.01 and a 12-month high of $8,618.28.

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

Insider Activity at NVR

In related news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVR

Several hedge funds and other institutional investors have recently modified their holdings of NVR. Parallel Advisors LLC raised its position in NVR by 3.7% in the 1st quarter. Parallel Advisors LLC now owns 56 shares of the construction company’s stock valued at $369,000 after purchasing an additional 2 shares during the last quarter. Wellington Grp LLC raised its position in NVR by 4.6% in the 1st quarter. Wellington Grp LLC now owns 68 shares of the construction company’s stock valued at $448,000 after purchasing an additional 3 shares during the last quarter. Western Wealth Management LLC bought a new position in NVR in the 1st quarter valued at $105,000. EMG Holdings L.P. raised its position in NVR by 9.2% in the 1st quarter. EMG Holdings L.P. now owns 273 shares of the construction company’s stock valued at $1,799,000 after purchasing an additional 23 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of NVR by 6.3% in the 1st quarter. Bank of America Corp DE now owns 13,520 shares of the construction company’s stock valued at $89,095,000 after buying an additional 804 shares during the period. Institutional investors own 83.67% of the company’s stock.

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.