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

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8,182.8333.

A number of brokerages have weighed in on NVR. Truist Financial initiated coverage on shares of NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 target price on the stock. UBS Group set a $8,100.00 price objective on shares of NVR in a research report on Friday, February 13th. Zelman & Associates raised shares of 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. BTIG Research assumed coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price for the company. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st.

NVR Price Performance

Shares of NVR stock opened at $6,458.92 on Wednesday. The firm has a fifty day simple moving average of $7,484.65 and a 200-day simple moving average of $7,604.75. The company has a market capitalization of $18.02 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04. NVR has a twelve month low of $6,368.70 and a twelve month high of $8,618.28. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued 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. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $139.93 EPS. Equities research analysts anticipate that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has initiated a share repurchase 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 repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 220 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at approximately $3,088,000. This trade represents a 36.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,120 shares of company stock valued at $9,012,736 in the last 90 days. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Several hedge funds and other institutional investors have recently made changes to their positions in NVR. DV Equities LLC bought a new stake in NVR during the 4th quarter valued at $29,000. Strive Financial Group LLC acquired a new position in NVR during the 4th quarter valued at about $29,000. Oakworth Capital Inc. acquired a new stake in shares of NVR in the 4th quarter worth approximately $36,000. Assetmark Inc. increased its stake in shares of NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares during the period. Finally, State of Wyoming bought a new stake in NVR during the second quarter worth approximately $44,000. 83.67% of the stock is currently 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.