Analysts Set NVR, Inc. (NYSE:NVR) Price Target at $9,356.67

NVR, Inc. (NYSE:NVR) has earned a consensus recommendation of “Hold” from the four research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9,356.67.

Several analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the business’s 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 value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of NVR by 26.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 382 shares of the construction company’s stock valued at $3,120,000 after purchasing an additional 80 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in NVR during the fourth quarter valued at approximately $8,073,000. Berkeley Inc grew its stake in NVR by 64.9% during the fourth quarter. Berkeley Inc now owns 950 shares of the construction company’s stock worth $7,770,000 after buying an additional 374 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NVR in the fourth quarter worth $20,071,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of NVR in the 4th quarter valued at $5,652,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Down 0.4 %

Shares of NVR opened at $7,183.75 on Friday. The firm’s 50-day moving average is $7,648.07 and its two-hundred day moving average is $8,590.49. NVR has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.48 billion, a P/E ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors 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.