NVR, Inc. (NYSE:NVR) Receives $9,356.67 Average Target Price from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have received an average recommendation of “Hold” from the four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9,356.67.

NVR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Metis Global Partners LLC raised its holdings in NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 2 shares during the period. Private Trust Co. NA increased its holdings in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC increased its holdings in shares of NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after purchasing an additional 2 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its holdings in shares of NVR by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

NVR stock opened at $7,181.22 on Friday. The company has a market cap of $21.47 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The stock’s fifty day moving average price is $7,606.71 and its 200-day moving average price is $8,554.95.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities analysts forecast that NVR will post 505.2 earnings per share for the current year.

NVR announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

NVR Company Profile

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.