NVR, Inc. (NYSE:NVR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of NVR, Inc. (NYSE:NVR) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8,279.40.

A number of equities research analysts have issued reports on NVR shares. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group set a $8,100.00 price target on NVR in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, BTIG Research started coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock.

NVR Trading Down 7.2%

NVR opened at $7,511.54 on Friday. The company has a fifty day moving average price of $7,571.39 and a two-hundred day moving average price of $7,711.54. NVR has a 1-year low of $6,562.85 and a 1-year high of $8,618.28. The company has a market cap of $20.96 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.60 and a beta of 1.03. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the business posted $139.93 EPS. NVR’s quarterly revenue was down 5.2% on a year-over-year basis. Analysts predict that NVR will post 505.2 EPS for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 220 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director owned 386 shares in the company, valued at $3,088,000. This trade represents a 36.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 920 shares of company stock valued at $7,428,324. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NVR. M&T Bank Corp increased its position 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 valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. Norges Bank purchased a new stake in NVR during the 4th quarter valued at $311,496,000. Close Asset Management Ltd bought a new stake in shares of NVR in the 3rd quarter worth $148,939,000. Citadel Advisors LLC increased its holdings in shares of NVR by 318.4% in the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after purchasing an additional 14,623 shares in the last quarter. Finally, Newport Capital Group LLC purchased a new position in shares of NVR in the fourth quarter worth $106,372,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

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.