NVR, Inc. (NYSE:NVR) Receives $8,443.00 Average PT from Analysts

NVR, Inc. (NYSE:NVR) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $8,443.00.

NVR has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. BTIG Research started coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. UBS Group decreased their price target on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th.

NVR Price Performance

NVR stock opened at $7,779.44 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. The business has a 50 day simple moving average of $7,440.65 and a 200-day simple moving average of $7,690.43. NVR has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The stock has a market capitalization of $22.09 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 10.76 and a beta of 1.01.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. NVR’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $130.50 EPS. Equities analysts predict that NVR will post 505.2 earnings per share for the current year.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito purchased 14 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by company insiders.

Institutional Trading of NVR

A number of institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its holdings in NVR by 262.2% in the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after purchasing an additional 679 shares during the last quarter. Amundi raised its stake in shares of NVR by 6.9% during the 2nd quarter. Amundi now owns 12,092 shares of the construction company’s stock worth $93,937,000 after buying an additional 781 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of NVR by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company’s stock worth $295,000 after buying an additional 3 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in NVR by 5.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,398 shares of the construction company’s stock valued at $10,325,000 after acquiring an additional 67 shares during the last quarter. Finally, Natixis acquired a new stake in NVR in the 2nd quarter valued at about $1,957,000. Hedge funds and other 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.