NVR, Inc. (NYSE:NVR) Receives $7,649.33 Consensus Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $7,478.50.

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a research report on Wednesday, April 22nd. Truist Financial dropped their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Institutional Trading of NVR

A number of institutional investors have recently bought and sold shares of NVR. Capital Research Global Investors lifted its stake in shares of NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares during the period. M&T Bank Corp grew its stake in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares during the period. Corient Private Wealth LLC grew its stake in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares during the period. Norges Bank bought a new stake in NVR in the fourth quarter valued at about $311,496,000. Finally, Capital World Investors increased its holdings in NVR by 0.3% in the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $6,455.14 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $6,319.68 and a 200 day simple moving average of $6,810.56. NVR has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market cap of $17.42 billion, a P/E ratio of 15.74, a P/E/G ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the company posted $94.83 EPS. Sell-side analysts predict that NVR will post 372.53 earnings per share for the current fiscal year.

About NVR

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.