NVR (NYSE:NVR) Coverage Initiated at Truist Financial

Equities research analysts at Truist Financial began coverage on shares of NVR (NYSE:NVR) in a report issued on Wednesday,Benzinga reports. The firm set a “hold” rating and a $7,700.00 price target on the construction company’s stock. Truist Financial’s price target suggests a potential upside of 4.40% from the stock’s current price.

A number of other brokerages also recently issued reports on NVR. BTIG Research started coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target on the stock. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group set a $8,100.00 price target on NVR in a research note on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $8,182.83.

NVR Stock Performance

NYSE NVR opened at $7,375.16 on Wednesday. The stock has a market capitalization of $20.58 billion, a PE ratio of 16.87, a P/E/G ratio of 2.55 and a beta of 1.04. NVR has a 1 year low of $6,562.85 and a 1 year high of $8,618.28. The company’s 50 day simple moving average is $7,570.02 and its two-hundred day simple moving average is $7,671.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $139.93 earnings per share. Analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 220 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,088,000. This trade represents a 36.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value 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 approximately $1,684,800. This represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 in the last quarter. Company insiders own 7.80% of the company’s stock.

Institutional Trading of NVR

Institutional investors have recently made changes to their positions in the company. DV Equities LLC acquired a new stake in NVR during the 4th quarter worth approximately $29,000. Strive Financial Group LLC purchased a new position in NVR in the fourth quarter valued at about $29,000. Oakworth Capital Inc. purchased a new stake in NVR during the fourth quarter worth $36,000. Assetmark Inc. grew its stake in NVR by 50.0% in the 2nd 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 last quarter. Finally, State of Wyoming acquired a new stake in shares of NVR in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.