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

NVR logo with Construction background

NVR, Inc. (NYSE:NVR - Get Free Report) has earned an average recommendation of "Hold" from the four brokerages that are currently covering the company, Marketbeat.com reports. Three equities 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 objective among brokerages that have issued ratings on the stock in the last year is $9,023.33.

NVR has been the subject of a number of recent research reports. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. UBS Group dropped their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd.

Read Our Latest Stock Report on NVR

Institutional Trading of NVR

Institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC purchased a new stake in NVR in the fourth quarter worth $1,701,000. Markel Group Inc. lifted its stake in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after acquiring an additional 110 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the period. Principal Financial Group Inc. lifted its stake in NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after acquiring an additional 1,549 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in NVR by 45.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company's stock worth $8,228,000 after acquiring an additional 312 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR traded up $33.00 on Friday, hitting $7,076.41. The company's stock had a trading volume of 14,130 shares, compared to its average volume of 22,102. The company has a 50-day simple moving average of $7,135.36 and a 200 day simple moving average of $7,707.78. NVR has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market capitalization of $20.69 billion, a PE ratio of 13.94, a PEG ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. Sell-side analysts forecast that NVR will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a share repurchase plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

About NVR

(Get Free Report

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.

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