NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Analysts

NVR, Inc. (NYSE:NVR) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $7,649.3333.

NVR has been the subject of a number of recent analyst reports. Bank of America reduced their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group cut their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th.

Insider Activity

In other news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This represents a 78.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Research Global Investors raised its stake in shares of NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after buying an additional 551 shares during the last quarter. Principal Financial Group Inc. raised its stake in NVR by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after purchasing an additional 2,331 shares during the last quarter. M&T Bank Corp raised its stake in NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares during the last quarter. Corient Private Wealth LLC raised its stake in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after purchasing an additional 1,718 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $6,102.06 on Monday. NVR has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The business has a fifty day moving average of $6,362.93 and a two-hundred day moving average of $7,048.61. The company has a market cap of $16.47 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 4.54 and a beta of 0.95.

NVR (NYSE:NVR) last released its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business posted $94.83 EPS. NVR’s revenue was down 21.7% compared to the same quarter last year. As a group, analysts predict that NVR will post 375.15 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock repurchase program on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.