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

NVR, Inc. (NYSE:NVR) has received a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7,649.3333.

Several research analysts have recently issued reports on NVR shares. UBS Group dropped their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Bank of America cut their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Truist Financial reduced their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd.

NVR Trading Down 0.7%

Shares of NVR stock opened at $6,433.45 on Tuesday. The firm has a market capitalization of $17.37 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 4.80 and a beta of 0.90. NVR has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm’s fifty day simple moving average is $6,269.19 and its 200 day simple moving average is $6,841.13. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period last year, the company earned $94.83 earnings per share. As a group, sell-side analysts predict that NVR will post 372.53 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors lifted its holdings in shares of NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after acquiring an additional 551 shares during the period. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% during the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. Corient Private Wealth LLC increased its stake in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares during the period. Norges Bank bought a new stake in NVR in the fourth quarter valued at about $311,496,000. Finally, Capital World Investors raised its position in NVR by 0.3% in the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Company Profile

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.