NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Analysts

NVR, Inc. (NYSE:NVR) has received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7,224.20.

A number of analysts recently issued reports on NVR shares. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research note on Tuesday. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Bank of America cut their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th.

NVR Trading Up 1.5%

Shares of NVR opened at $6,399.95 on Friday. NVR has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a 50-day moving average price of $6,433.96 and a 200 day moving average price of $6,706.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market capitalization of $17.02 billion, a P/E ratio of 16.60, a P/E/G ratio of 10.40 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $108.54 EPS. Sell-side analysts forecast that NVR will post 371.98 EPS for the current fiscal year.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in NVR by 2.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 87 shares of the construction company’s stock valued at $699,000 after acquiring an additional 2 shares in the last quarter. Vise Technologies Inc. grew its holdings in shares of NVR by 0.8% during the 3rd quarter. Vise Technologies Inc. now owns 239 shares of the construction company’s stock worth $1,920,000 after purchasing an additional 2 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in shares of NVR by 1.5% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 139 shares of the construction company’s stock worth $1,117,000 after purchasing an additional 2 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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.