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

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6,809.67.

A number of equities analysts have issued reports on the stock. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Bank of America lowered their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. BTIG Research set a $7,125.00 price target on shares of NVR in a research report on Tuesday, September 22nd. Weiss Ratings upgraded shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 14th. Finally, UBS Group reduced their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th.

NVR Stock Performance

Shares of NVR stock opened at $6,131.48 on Friday. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $6,296.06 and a 200-day moving average price of $6,370.94. The company has a market cap of $16.31 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 10.33 and a beta of 0.90.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the firm earned $108.54 earnings per share. NVR’s quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts anticipate that NVR will post 365.41 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director George Oliver bought 63 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares of the company’s stock, valued at approximately $405,185.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVR. EverSource Wealth Advisors LLC lifted its position in NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after purchasing an additional 2 shares during the period. Motley Fool Asset Management LLC increased its position in NVR by 4.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 49 shares of the construction company’s stock worth $357,000 after purchasing an additional 2 shares during the period. Keybank National Association OH increased its position in NVR by 3.1% during the 1st quarter. Keybank National Association OH now owns 66 shares of the construction company’s stock worth $435,000 after purchasing an additional 2 shares during the period. International Assets Investment Management LLC raised its stake in shares of NVR by 3.8% during the 1st quarter. International Assets Investment Management LLC now owns 55 shares of the construction company’s stock worth $367,000 after buying an additional 2 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of NVR by 3.7% during the 1st quarter. Parallel Advisors LLC now owns 56 shares of the construction company’s stock worth $369,000 after buying an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

About NVR

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.