NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Hold” from the four research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8,783.3333.

NVR has been the topic of several analyst reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Boston Partners lifted its stake in shares of NVR by 9.9% during the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after buying an additional 5,875 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of NVR during the 2nd quarter valued at $2,747,000. Global Retirement Partners LLC purchased a new position in shares of NVR during the 2nd quarter valued at $318,000. Prudential Financial Inc. lifted its stake in shares of NVR by 8.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,706 shares of the construction company’s stock valued at $12,600,000 after buying an additional 127 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NVR by 0.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,607 shares of the construction company’s stock valued at $159,582,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 2.3%

NYSE:NVR opened at $7,976.23 on Wednesday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a market cap of $22.89 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 11.08 and a beta of 0.94. The company has a 50 day simple moving average of $7,512.68 and a two-hundred day simple moving average of $7,356.24.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts’ consensus estimates of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $120.69 EPS. The firm’s revenue was down .5% on a year-over-year basis. Research analysts forecast that NVR will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign 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.