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

Shares of NVR, Inc. (NYSE:NVRGet Rating) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5,223.40.

NVR has been the topic of several research reports. UBS Group upgraded shares of NVR from a “sell” rating to a “neutral” rating and increased their price target for the company from $4,825.00 to $5,500.00 in a research report on Thursday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of NVR from $6,630.00 to $5,300.00 and set a “neutral” rating on the stock in a research report on Thursday, March 10th. KeyCorp reduced their price objective on shares of NVR from $5,700.00 to $5,100.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 15th. Finally, StockNews.com started coverage on shares of NVR in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

A number of large investors have recently bought and sold shares of NVR. Castleview Partners LLC purchased a new position in NVR during the fourth quarter worth approximately $88,000. Capital Research Global Investors raised its stake in shares of NVR by 65.7% in the 4th quarter. Capital Research Global Investors now owns 188,073 shares of the construction company’s stock valued at $1,111,299,000 after acquiring an additional 74,601 shares during the period. Moors & Cabot Inc. raised its stake in shares of NVR by 39,900.0% in the 3rd quarter. Moors & Cabot Inc. now owns 40,000 shares of the construction company’s stock valued at $43,000 after acquiring an additional 39,900 shares during the period. Liontrust Investment Partners LLP purchased a new position in shares of NVR in the 3rd quarter valued at $161,129,000. Finally, Norges Bank purchased a new position in shares of NVR in the 4th quarter valued at $182,300,000. 83.70% of the stock is currently owned by institutional investors.

Shares of NVR stock traded up $29.05 during trading hours on Monday, hitting $4,322.94. The company’s stock had a trading volume of 334 shares, compared to its average volume of 27,310. The business has a fifty day moving average of $4,871.24 and a 200-day moving average of $5,151.74. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 13.46 and a beta of 1.02. NVR has a twelve month low of $4,250.01 and a twelve month high of $5,982.44. The company has a current ratio of 5.95, a quick ratio of 3.59 and a debt-to-equity ratio of 0.51.

NVR (NYSE:NVRGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The construction company reported $89.09 EPS for the quarter, missing the consensus estimate of $100.34 by ($11.25). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.21% and a return on equity of 40.86%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $76.93 earnings per share. On average, equities analysts expect that NVR will post 448.04 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

NVR Company Profile (Get Rating)

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the Homebuilding and Mortgage Banking segments. The Homebuilding segment offers single-family detached homes, townhomes, and condominium buildings with many different home designs.

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