Analysts Set NVR, Inc. (NYSE:NVR) Price Target at $9,023.33

NVR, Inc. (NYSE:NVR - Get Free Report) has received an average recommendation of "Hold" from the four analysts that are currently covering the firm, MarketBeat Ratings 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 12-month price target among brokerages that have issued ratings on the stock in the last year is $9,023.33.

A number of analysts have issued reports on NVR shares. UBS Group lowered their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered 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.

NVR Stock Performance

Shares of NYSE NVR traded down $9.57 during trading hours on Monday, hitting $7,218.18. 3,655 shares of the stock were exchanged, compared to its average volume of 25,679. The firm has a market capitalization of $21.43 billion, a P/E ratio of 14.22, a P/E/G ratio of 2.39 and a beta of 1.02. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company's 50 day moving average is $7,184.89 and its 200 day moving average is $7,976.00.

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 (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, research analysts expect that NVR will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.6% 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, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.00% of the company's stock.

Institutional Investors Weigh In On NVR

Institutional investors have recently bought and sold shares of the business. R Squared Ltd lifted its holdings in shares of NVR by 100.0% during the 1st quarter. R Squared Ltd now owns 100 shares of the construction company's stock worth $724,000 after acquiring an additional 50 shares during the period. PNC Financial Services Group Inc. lifted its stake in NVR by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,036 shares of the construction company's stock worth $7,505,000 after purchasing an additional 7 shares during the period. IFG Advisory LLC boosted its holdings in NVR by 7.4% during the first quarter. IFG Advisory LLC now owns 262 shares of the construction company's stock valued at $1,898,000 after purchasing an additional 18 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of NVR in the 1st quarter valued at approximately $283,000. Finally, Vestcor Inc raised its holdings in shares of NVR by 13.3% in the 1st quarter. Vestcor Inc now owns 222 shares of the construction company's stock worth $1,608,000 after buying an additional 26 shares in the last quarter. 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.