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

NVR, Inc. (NYSE:NVR) has received a consensus rating of “Hold” from the four analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9,531.67.

A number of equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd.

NVR Trading Down 1.5 %

Shares of NVR opened at $8,220.68 on Friday. 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 1 year low of $6,800.00 and a 1 year high of $9,964.77. The company has a 50 day simple moving average of $8,525.11 and a two-hundred day simple moving average of $8,872.35. The firm has a market cap of $25.16 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the business earned $125.26 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that NVR will post 494.48 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, 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 completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its stake in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the period. Blue Trust Inc. purchased a new stake in NVR in the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new stake in NVR in the third quarter worth about $39,000. Private Trust Co. NA lifted its stake in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in NVR in the third quarter worth about $49,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

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.