NVR, Inc. (NYSE:NVR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus rating of “Hold” from the four brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $9,765.00.

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, UBS Group boosted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd.

NVR Price Performance

Shares of NYSE NVR opened at $8,070.60 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR has a one year low of $6,800.00 and a one year high of $9,964.77. The firm has a market cap of $24.73 billion, a PE ratio of 16.50, a PEG ratio of 1.84 and a beta of 1.20. The firm has a fifty day moving average of $8,837.07 and a 200 day moving average of $8,816.97.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that NVR will post 494.48 EPS for the current fiscal year.

NVR declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVR

Institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its stake in NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR during the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new position in shares of NVR in the third quarter valued at approximately $39,000. Redwood Wealth Management Group LLC purchased a new stake in NVR during the 2nd quarter worth approximately $46,000. Finally, Private Trust Co. NA increased its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.