NVR, Inc. (NYSE:NVR) Receives Average Recommendation of “Hold” from Brokerages

NVR, Inc. (NYSE:NVR) has received an average recommendation of “Hold” from the four analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9,356.67.

A number of brokerages recently weighed in on NVR. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently modified their holdings of NVR. Proficio Capital Partners LLC bought a new stake in shares of NVR in the fourth quarter valued at about $3,277,825,000. International Assets Investment Management LLC boosted its position in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares during the period. Siemens Fonds Invest GmbH boosted its position in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after acquiring an additional 57,236 shares during the period. Norges Bank bought a new stake in shares of NVR in the fourth quarter valued at about $295,643,000. Finally, Jennison Associates LLC bought a new stake in shares of NVR in the third quarter valued at about $348,545,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,327.60 on Wednesday. The company’s fifty day simple moving average is $7,907.73 and its 200-day simple moving average is $8,759.70. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.91 billion, a PE ratio of 14.44, a P/E/G ratio of 2.39 and a beta of 1.20. NVR has a 12 month low of $7,015.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts expect that NVR will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors 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.