NVR, Inc. (NYSE:NVR) Given Consensus Recommendation of "Hold" by Brokerages

NVR, Inc. (NYSE:NVR - Get Free Report) has received an average rating of "Hold" from the four analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9,023.33.

Several equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Sunday.

NVR Stock Up 2.6%

NYSE:NVR opened at $7,342.42 on Tuesday. NVR has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 3.90 and a beta of 0.99. The stock has a fifty day simple moving average of $7,155.67 and a 200-day simple moving average of $7,511.98. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. Analysts anticipate that NVR will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Institutional Trading of NVR

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in shares of NVR during the fourth quarter valued at about $3,277,825,000. Vanguard Group Inc. grew its holdings in shares of NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock valued at $427,962,000 after purchasing an additional 7,233 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

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.

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