NVR, Inc. (NYSE:NVR) Receives Average Rating of “Hold” from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $8,182.8333.

A number of equities analysts have weighed in on NVR shares. Truist Financial initiated coverage on NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price on the stock. UBS Group set a $8,100.00 price target on NVR in a research report on Friday, February 13th. BTIG Research initiated coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd.

NVR Stock Down 1.2%

Shares of NYSE:NVR opened at $6,786.14 on Wednesday. The firm has a fifty day moving average price of $7,531.58 and a two-hundred day moving average price of $7,631.61. The company has a market cap of $18.93 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. NVR has a one year low of $6,562.85 and a one year high of $8,618.28.

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

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. This trade represents a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of hedge funds and other institutional investors have recently modified their holdings of NVR. DV Equities LLC purchased a new position in shares of NVR during the 4th quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in NVR in the 4th quarter worth approximately $29,000. Oakworth Capital Inc. purchased a new stake in NVR in the fourth quarter worth approximately $36,000. Assetmark Inc. boosted its stake in NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares in the last quarter. Finally, State of Wyoming bought a new position in NVR during the second quarter valued at approximately $44,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

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.