NVR, Inc. (NYSE:NVR) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3,285.33.

Several equities analysts have commented on NVR shares. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $3,416.00 price target for the company in a research report on Tuesday, April 24th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th.

In other news, Director Dwight C. Schar sold 1,213 shares of NVR stock in a transaction on Monday, May 7th. The shares were sold at an average price of $3,137.70, for a total transaction of $3,806,030.10. Following the completion of the sale, the director now directly owns 70,357 shares of the company’s stock, valued at approximately $220,759,158.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dwight C. Schar sold 12,215 shares of NVR stock in a transaction on Friday, May 11th. The stock was sold at an average price of $3,049.78, for a total transaction of $37,253,062.70. Following the sale, the director now directly owns 80,056 shares of the company’s stock, valued at $244,153,187.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,659 shares of company stock valued at $81,255,376. Corporate insiders own 12.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in NVR. Amalgamated Bank lifted its position in NVR by 4.7% in the first quarter. Amalgamated Bank now owns 731 shares of the construction company’s stock valued at $2,047,000 after acquiring an additional 33 shares during the last quarter. Tikehau Investment Management purchased a new stake in NVR in the first quarter valued at $258,000. Navellier & Associates Inc lifted its position in NVR by 8.9% in the first quarter. Navellier & Associates Inc now owns 415 shares of the construction company’s stock valued at $1,162,000 after acquiring an additional 34 shares during the last quarter. CIBC World Markets Inc. purchased a new stake in NVR in the first quarter valued at $661,000. Finally, Xact Kapitalforvaltning AB lifted its position in NVR by 2.7% in the first quarter. Xact Kapitalforvaltning AB now owns 825 shares of the construction company’s stock valued at $2,310,000 after acquiring an additional 22 shares during the last quarter. 78.25% of the stock is owned by institutional investors and hedge funds.

NVR traded up $8.02, hitting $3,112.40, during midday trading on Monday, MarketBeat Ratings reports. The company’s stock had a trading volume of 409 shares, compared to its average volume of 32,482. The company has a quick ratio of 1.33, a current ratio of 3.52 and a debt-to-equity ratio of 0.41. NVR has a 52-week low of $2,311.11 and a 52-week high of $3,700.00. The stock has a market capitalization of $11.45 billion, a PE ratio of 21.79, a P/E/G ratio of 1.01 and a beta of 0.64.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, April 19th. The construction company reported $39.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $31.44 by $7.90. NVR had a net margin of 9.36% and a return on equity of 42.40%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $25.12 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. analysts expect that NVR will post 196 EPS for the current fiscal year.

NVR announced that its board has initiated a stock buyback program on Wednesday, February 14th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

Analyst Recommendations for NVR (NYSE:NVR)

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