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

Shares of NVR, Inc. (NYSE:NVR) have received a consensus rating of “Hold” from the four brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9,356.67.

A number of equities research analysts recently weighed in on NVR shares. UBS Group raised their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company 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 company’s stock in a transaction that occurred on 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 owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently made changes to their positions in the company. JDM Financial Group LLC bought a new position in NVR in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its position in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the period. Private Trust Co. NA lifted its holdings 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 worth $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in NVR during the 3rd quarter valued at approximately $49,000. Finally, Smartleaf Asset Management LLC grew its stake in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Up 0.1 %

Shares of NVR opened at $7,283.87 on Friday. NVR has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The stock’s 50-day moving average is $7,619.69 and its two-hundred day moving average is $8,572.24. 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 has a market cap of $21.78 billion, a PE ratio of 14.35, a P/E/G ratio of 2.39 and a beta of 1.25.

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

NVR announced that its board has initiated a stock repurchase 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is 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.