NVR, Inc. (NYSE:NVR) Given Consensus Recommendation of “Hold” by Brokerages

NVR, Inc. (NYSE:NVR) has been assigned an average recommendation of “Hold” from the four research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9,765.00.

Several brokerages have recently issued reports on NVR. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. UBS Group boosted their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction 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 directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. This represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock worth $7,294,073 over the last three months. 7.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of NVR during the third quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new position in NVR in the 3rd quarter valued at $39,000. Redwood Wealth Management Group LLC purchased a new position in NVR in the 2nd quarter valued at $46,000. Finally, Private Trust Co. NA boosted its stake in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NYSE NVR opened at $8,176.46 on Tuesday. The company has a 50 day simple moving average of $8,971.00 and a two-hundred day simple moving average of $8,807.84. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.84 and a beta of 1.18. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a 12 month low of $6,800.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last issued its 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). NVR had a return on equity of 38.20% and a net margin of 16.51%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $125.26 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts predict that NVR will post 494.48 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About NVR

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.