NVR, Inc. (NYSE:NVR) Given Average Rating of “Hold” by Brokerages

NVR, Inc. (NYSE:NVR) has received an average recommendation of “Hold” from the four analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $8,783.33.

A number of research firms have recently weighed in on NVR. Bank of America dropped their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th.

NVR Price Performance

NYSE NVR opened at $9,033.21 on Monday. The company has a 50 day moving average price of $9,444.50 and a two-hundred day moving average price of $8,537.55. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The stock has a market capitalization of $27.64 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $125.26 EPS. As a group, equities analysts predict that NVR will post 494.87 earnings per share for the current fiscal year.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVR

Hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV boosted its position in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. bought a new stake in NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA raised its holdings in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in shares of NVR in the second quarter worth approximately $46,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.