NVR, Inc. (NYSE:NVR) Stock Has Consensus Price Target of $6,809.67

Key Points

• Analysts have a consensus “Hold” rating on NVR, with two sell, three hold and three buy recommendations. The average 12-month price target is $6,809.67, although several firms recently lowered targets or downgraded the stock.
• NVR shares opened at $5,893.88, well below the average analyst target and the 52-week high of $8,200. The stock is down 1.4%, with its 50-day and 200-day moving averages at $6,176.79 and $6,309.18, respectively.
• Quarterly revenue fell 10.5% year over year to $2.34 billion, missing analyst expectations, while the company reported $83.96 in earnings per share. Institutional investors own 83.67% of NVR, and an NVR director recently purchased 63 shares.

Shares of NVR, Inc. (NYSE:NVR - Get Free Report) have earned an average rating of "Hold" from the eight research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6,809.67.

Several brokerages have recently weighed in on NVR. BTIG Research set a $7,125.00 target price on shares of NVR in a research note on Tuesday, September 22nd. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a report on Saturday, October 3rd. Zacks Research lowered NVR from a "hold" rating to a "strong sell" rating in a report on Monday, September 21st. Truist Financial dropped their price target on NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Finally, UBS Group dropped their price target on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th.

NVR Stock Down 1.4%

Shares of NYSE NVR opened at $5,893.88 on Thursday. The stock has a market cap of $15.68 billion, a PE ratio of 15.29 and a beta of 0.90. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR has a 52-week low of $5,501.01 and a 52-week high of $8,200.00. The business has a 50-day moving average price of $6,176.79 and a 200 day moving average price of $6,309.18.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the firm posted $108.54 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts forecast that NVR will post 361.98 earnings per share for the current year.

Insider Buying and Selling at NVR

In other NVR news, Director George Oliver acquired 63 shares of the stock in a transaction on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares of the company's stock, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVR. Activest Wealth Management purchased a new position in shares of NVR in the third quarter valued at $25,000. Clearstead Trust LLC acquired a new position in shares of NVR during the 2nd quarter worth $27,000. Trust Co. of Vermont acquired a new stake in NVR in the 2nd quarter valued at about $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR during the 2nd quarter valued at about $34,000. Finally, Global Retirement Partners LLC purchased a new position in NVR during the 2nd quarter valued at about $41,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company's homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

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