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

Key Points

• NVR, Inc. has received a consensus recommendation of "Hold" from four ratings firms, with an average 12-month price target of approximately $8,783.33.
• Director Susan Williamson Ross sold 125 shares of NVR stock, totaling about $981,285, resulting in a 24.46% decrease in ownership.
• Institutional investors currently own 83.67% of NVR's stock, with several firms recently acquiring new stakes in the company.

NVR, Inc. (NYSE:NVR - Get Free Report) has been given an average recommendation of "Hold" by the four ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $8,783.3333.

NVR has been the subject of a number of analyst reports. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday. UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the sale, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently made changes to their positions in NVR. JDM Financial Group LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $25,000. AdvisorNet Financial Inc bought a new stake in NVR in the 2nd quarter worth approximately $30,000. Olde Wealth Management LLC bought a new stake in NVR in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR in the 1st quarter worth approximately $36,000. Finally, Ridgewood Investments LLC grew its position in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the period. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR opened at $7,976.23 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a 50-day simple moving average of $7,512.68 and a two-hundred day simple moving average of $7,356.24. The firm has a market capitalization of $22.89 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 11.08 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business posted $120.69 earnings per share. NVR's quarterly revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that NVR will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

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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