Analysts Set NVR, Inc. (NYSE:NVR) Target Price at $8,783.33

NVR, Inc. (NYSE:NVR) has been assigned a consensus recommendation of “Hold” from the four brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8,783.33.

A number of equities analysts have recently weighed in on NVR shares. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group increased their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $2,186,679. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $2,186,679. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares during the period. Smead Capital Management Inc. increased its position in shares of NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after purchasing an additional 1,223 shares during the last quarter. Jennison Associates LLC bought a new stake in NVR during the third quarter valued at approximately $348,545,000. Marshfield Associates grew its position in shares of NVR by 0.3% during the 2nd quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock valued at $248,290,000 after acquiring an additional 96 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after purchasing an additional 906 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 0.1 %

NVR opened at $9,105.67 on Monday. The firm has a market capitalization of $27.86 billion, a PE ratio of 18.61, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR has a fifty-two week low of $6,052.58 and a fifty-two week high of $9,964.77. The company’s 50-day moving average is $9,442.51 and its 200 day moving average is $8,522.62.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $125.26 earnings per share. As a group, research analysts predict that NVR will post 490.62 earnings per share for the current fiscal year.

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.