NVR, Inc. (NYSE:NVR) Receives $9,356.67 Average Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR) have received an average recommendation of “Hold” from the four research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $9,356.67.

Several research firms have commented on NVR. JPMorgan Chase & Co. lowered their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Hedge funds have recently added to or reduced their stakes in the business. JDM Financial Group LLC acquired a new stake in NVR during the 4th quarter worth approximately $25,000. Blue Trust Inc. acquired a new stake in NVR during the 3rd quarter worth $39,000. Rakuten Securities Inc. acquired a new stake in NVR during the 3rd quarter worth $39,000. Private Trust Co. NA grew its position 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. Finally, Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter worth $49,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NYSE NVR opened at $7,084.39 on Wednesday. The firm has a market capitalization of $21.18 billion, a P/E ratio of 13.96, a P/E/G ratio of 2.33 and a beta of 1.20. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR has a 12-month low of $7,073.38 and a 12-month high of $9,964.77. The firm’s fifty day simple moving average is $7,959.67 and its two-hundred day simple moving average is $8,770.32.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Analysts forecast that NVR will post 512.33 EPS for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.