NVR, Inc. (NYSE:NVR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• NVR, Inc. has an average consensus rating of "Hold" from four brokerages, with three analysts rating it as a hold and one as a buy.
• The average 12-month price target for NVR stock is $8,783.33, with UBS and JPMorgan both recently increasing their target prices.
• Insider trading activity includes significant sales by executives, indicating a 74.26% decrease in the chief accounting officer's stock ownership after selling 600 shares.

NVR, Inc. (NYSE:NVR - Get Free Report) has been given a consensus rating of "Hold" by the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8,783.3333.

Several research firms recently issued reports on NVR. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last quarter. Company insiders own 7.00% of the company's stock.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in NVR in the 4th quarter valued at about $25,000. AdvisorNet Financial Inc bought a new stake in NVR in the 2nd quarter valued at about $30,000. Olde Wealth Management LLC bought a new stake in NVR in the 1st quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR in the 1st quarter valued at about $36,000. Finally, Ridgewood Investments LLC increased its position in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after buying an additional 3 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

Shares of NVR stock opened at $8,497.04 on Friday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 11.82 and a beta of 0.95. The company's fifty day moving average is $7,861.59 and its 200 day moving average is $7,420.74.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $120.69 earnings per share. Sell-side analysts forecast that NVR will post 505.2 EPS for the current year.

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.

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