NVR, Inc. (NYSE:NVR) Receives Average Rating of “Hold” from Analysts

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

A number of brokerages recently weighed in on NVR. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th.

NVR Trading Down 1.8 %

Shares of NVR opened at $7,236.24 on Wednesday. The stock has a fifty day moving average price of $8,054.64 and a two-hundred day moving average price of $8,800.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The company has a market cap of $22.14 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.51 and a beta of 1.20. NVR has a 52-week low of $7,192.17 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Analysts predict that NVR will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of large investors have recently added to or reduced their stakes in NVR. CWM LLC grew its stake in NVR by 40.0% during the third quarter. CWM LLC now owns 21 shares of the construction company’s stock worth $206,000 after buying an additional 6 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in NVR during the third quarter worth $255,000. Blue Trust Inc. bought a new position in shares of NVR in the 3rd quarter valued at $39,000. Whittier Trust Co. raised its holdings in shares of NVR by 5.3% during the 3rd quarter. Whittier Trust Co. now owns 120 shares of the construction company’s stock worth $1,177,000 after buying an additional 6 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in shares of NVR during the 3rd quarter worth $1,168,000. 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.