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

Shares of NVR, Inc. (NYSE:NVR) have been given a consensus rating of “Hold” by the four research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9,765.00.

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

Insider Transactions at NVR

In related news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % 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. Also, CAO Matthew B. Kelpy sold 125 shares of the company’s 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 value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. The trade was a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

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

NVR Stock Performance

Shares of NVR stock opened at $7,973.70 on Tuesday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company has a market cap of $24.43 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company has a 50 day moving average of $8,810.38 and a 200-day moving average of $8,829.20. NVR has a 1-year low of $6,800.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business 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 business posted $125.26 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that NVR will post 494.48 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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.