NVR, Inc. (NYSE:NVR) Receives $8,279.40 Consensus PT from Analysts

NVR, Inc. (NYSE:NVR) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8,279.40.

Several analysts have recently commented on the stock. UBS Group set a $8,100.00 price objective on shares of NVR in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research note on Thursday, January 29th. BTIG Research started coverage on NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st.

NVR Stock Up 1.3%

NVR stock opened at $7,519.87 on Friday. The business’s 50-day moving average price is $7,575.18 and its 200-day moving average price is $7,707.22. The stock has a market cap of $20.98 billion, a P/E ratio of 17.20, a PEG ratio of 2.49 and a beta of 1.03. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR has a twelve month low of $6,562.85 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the business earned $139.93 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that NVR will post 505.2 EPS for the current year.

NVR declared that its board has approved a stock repurchase program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 220 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,088,000. This trade represents a 36.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,120 shares of company stock valued at $9,012,736 over the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of NVR

A number of large investors have recently added to or reduced their stakes in NVR. Capital Research Global Investors grew its holdings in shares of NVR by 0.4% in the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. Boston Partners lifted its position in NVR by 9.9% during the second quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after purchasing an additional 5,875 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of NVR by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after buying an additional 2,331 shares in the last quarter. M&T Bank Corp grew its stake in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after buying an additional 1,718 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.