Analysts Set NVR, Inc. (NYSE:NVR) Price Target at $8,182.83

Shares of NVR, Inc. (NYSE:NVR) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $8,182.8333.

NVR has been the subject of several analyst reports. BTIG Research initiated coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a report on Thursday, January 29th. UBS Group set a $8,100.00 price target on NVR in a research report on Friday, February 13th. Finally, Truist Financial started coverage on NVR in a research note on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction that occurred 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 transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NVR. Principal Financial Group Inc. grew its holdings in NVR by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after buying an additional 2,331 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of NVR by 262.2% during the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock worth $7,522,000 after buying an additional 679 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in shares of NVR in the third quarter valued at approximately $691,000. Envestnet Asset Management Inc. boosted its position in shares of NVR by 2.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,730 shares of the construction company’s stock valued at $78,178,000 after acquiring an additional 203 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of NVR by 17.0% in the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after acquiring an additional 925 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.3%

Shares of NVR stock opened at $6,458.92 on Wednesday. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 2.20 and a beta of 1.04. The stock has a 50-day simple moving average of $7,484.65 and a 200-day simple moving average of $7,598.44. NVR has a 52-week low of $6,368.70 and a 52-week high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71.

NVR (NYSE:NVR) last released its quarterly earnings data 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 return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $139.93 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts expect that NVR will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.