NVR, Inc. (NYSE:NVR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8,443.00.

Several brokerages have weighed in on NVR. Bank of America cut their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. BTIG Research assumed coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. UBS Group reduced their price target on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th.

NVR Stock Performance

NVR opened at $7,547.55 on Tuesday. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. NVR has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The firm has a 50 day moving average of $7,415.12 and a two-hundred day moving average of $7,689.70. The firm has a market capitalization of $21.44 billion, a PE ratio of 16.57, a P/E/G ratio of 10.26 and a beta of 1.01.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the business earned $130.50 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that NVR will post 505.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 14 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at approximately $98,952.70. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC boosted its position in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares in the last quarter. Woodline Partners LP raised its stake in shares of NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of NVR by 3.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 343 shares of the construction company’s stock valued at $2,612,000 after buying an additional 11 shares in the last quarter. IFM Investors Pty Ltd grew its stake in NVR by 6.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 573 shares of the construction company’s stock valued at $4,232,000 after acquiring an additional 33 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in NVR by 66.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 10 shares of the construction company’s stock worth $74,000 after acquiring an additional 4 shares in the last quarter. 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.