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

Key Points

• NVR has a consensus analyst rating of "Hold" from seven brokers (five hold, one buy, one strong buy) with an average 12‑month target of $8,182.83.
• The company beat quarterly estimates—EPS $121.54 vs. $105.42 expected and revenue $2.74B vs. $2.41B expected—although revenue was down 5.2% year‑over‑year, and the board authorized a $750 million buyback (about 3.3% of shares).
• Insiders have recently trimmed positions (1,120 shares sold, ~$9.01M over 90 days); insiders own 7.0% of the stock while institutional investors hold about 83.67%.

NVR, Inc. (NYSE:NVR - Get Free Report) has earned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8,182.8333.

A number of equities analysts recently issued reports on the stock. Truist Financial assumed coverage on shares of NVR in a research report on Wednesday, March 4th. They set a "hold" rating and a $7,700.00 target price on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a report on Thursday, January 22nd. UBS Group set a $8,100.00 price target on shares of NVR in a research report on Friday, February 13th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Zelman & Associates upgraded shares of NVR from a "sell" rating to a "hold" rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th.

NVR Price Performance

Shares of NYSE:NVR opened at $6,669.22 on Friday. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.27 and a beta of 1.07. The business has a 50 day moving average price of $7,187.71 and a 200 day moving average price of $7,418.52. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR has a twelve month low of $6,301.02 and a twelve month high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business posted $139.93 EPS. The company's revenue for the quarter was down 5.2% on a year-over-year basis. Research analysts predict that NVR will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 220 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the transaction, the director owned 386 shares of the company's stock, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of NVR

Several institutional investors have recently made changes to their positions in the business. M&T Bank Corp lifted its stake in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after purchasing an additional 56,576 shares during the period. Norges Bank bought a new stake in shares of NVR in the 4th quarter valued at approximately $311,496,000. Corient Private Wealth LLC grew its stake in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock valued at $332,346,000 after purchasing an additional 36,592 shares during the period. Close Asset Management Ltd acquired a new position in shares of NVR in the 3rd quarter worth approximately $148,939,000. Finally, Citadel Advisors LLC raised its holdings in shares of NVR by 318.4% in the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company's stock worth $154,386,000 after buying an additional 14,623 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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