Shares of NVR, Inc. (NYSE:NVR) have earned an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3,450.67.
A number of equities analysts recently issued reports on NVR shares. Evercore ISI raised NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Evercore raised NVR from an “in-line” rating to an “outperform” rating in a report on Friday, August 9th. Wells Fargo & Co raised their price objective on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a research report on Monday, July 22nd. They noted that the move was a valuation call. ValuEngine downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Buckingham Research raised their price objective on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th.
In other news, Director Alexandra A. Jung acquired 70 shares of NVR stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $3,285.00 per share, for a total transaction of $229,950.00. Following the completion of the transaction, the director now directly owns 95 shares in the company, valued at $312,075. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 951 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $3,562.49, for a total transaction of $3,387,927.99. Following the completion of the sale, the chief financial officer now owns 3,522 shares of the company’s stock, valued at approximately $12,547,089.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,301 shares of company stock valued at $101,083,857. 11.10% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in NVR. US Bancorp DE lifted its position in shares of NVR by 3.8% during the 2nd quarter. US Bancorp DE now owns 81 shares of the construction company’s stock valued at $272,000 after acquiring an additional 3 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NVR by 0.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688 shares of the construction company’s stock valued at $1,904,000 after acquiring an additional 5 shares during the period. Advisory Services Network LLC lifted its position in shares of NVR by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 193 shares of the construction company’s stock valued at $650,000 after acquiring an additional 7 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of NVR by 8.3% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91 shares of the construction company’s stock valued at $307,000 after acquiring an additional 7 shares during the period. Finally, Pitcairn Co. lifted its position in shares of NVR by 4.3% during the 2nd quarter. Pitcairn Co. now owns 195 shares of the construction company’s stock valued at $658,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 78.22% of the company’s stock.
Shares of NYSE NVR traded up $9.90 during midday trading on Friday, reaching $3,499.90. 21,500 shares of the company were exchanged, compared to its average volume of 25,835. The company has a current ratio of 4.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.32. NVR has a 1 year low of $2,040.71 and a 1 year high of $3,582.99. The stock has a fifty day simple moving average of $3,429.73 and a 200 day simple moving average of $3,103.46. The stock has a market cap of $12.81 billion, a P/E ratio of 17.97, a PEG ratio of 1.58 and a beta of 0.65.
NVR (NYSE:NVR) last released its quarterly earnings results on Friday, July 19th. The construction company reported $53.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $44.87 by $8.22. NVR had a return on equity of 44.03% and a net margin of 11.54%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the company posted $49.05 earnings per share. The business’s revenue was up .4% on a year-over-year basis. As a group, analysts forecast that NVR will post 206.55 earnings per share for the current year.
NVR announced that its Board of Directors has approved a share buyback plan on Thursday, May 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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