NVR, Inc. (NYSE:NVR) Receives $7,649.33 Average PT from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7,649.3333.

A number of equities analysts have recently issued reports on NVR shares. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Truist Financial dropped their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Finally, UBS Group decreased their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd.

Insider Buying and Selling

In other news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NVR. DV Equities LLC acquired a new stake in NVR in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR during the 4th quarter valued at $29,000. Oakworth Capital Inc. purchased a new stake in shares of NVR during the 4th quarter valued at $36,000. State of Wyoming acquired a new stake in shares of NVR in the 2nd quarter worth $44,000. Finally, USA Financial Formulas grew its stake in NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Up 2.9%

NYSE:NVR opened at $6,684.72 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. NVR has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The company has a 50-day moving average of $6,298.40 and a 200 day moving average of $6,822.78. The firm has a market cap of $18.05 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 4.82 and a beta of 0.90.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $94.83 EPS. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, research analysts anticipate that NVR will post 372.53 EPS 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.