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AAPL   121.42 (+1.07%)
MSFT   231.60 (+2.15%)
FB   264.28 (+2.58%)
GOOGL   2,097.07 (+3.10%)
TSLA   597.95 (-3.78%)
AMZN   3,000.46 (+0.77%)
NVDA   498.46 (+0.74%)
BABA   233.89 (+1.47%)
CGC   31.17 (+0.52%)
GE   13.60 (+0.22%)
MU   88.93 (+5.45%)
NIO   38.11 (-2.98%)
AMD   78.52 (+0.99%)
T   29.62 (+2.42%)
F   12.27 (+2.85%)
ACB   9.60 (-2.24%)
DIS   189.99 (+1.04%)
BA   223.22 (-0.66%)
NFLX   516.39 (+1.00%)
BAC   36.93 (+1.18%)
QQQ   308.68 (+1.51%)
AAPL   121.42 (+1.07%)
MSFT   231.60 (+2.15%)
FB   264.28 (+2.58%)
GOOGL   2,097.07 (+3.10%)
TSLA   597.95 (-3.78%)
AMZN   3,000.46 (+0.77%)
NVDA   498.46 (+0.74%)
BABA   233.89 (+1.47%)
CGC   31.17 (+0.52%)
GE   13.60 (+0.22%)
MU   88.93 (+5.45%)
NIO   38.11 (-2.98%)
AMD   78.52 (+0.99%)
T   29.62 (+2.42%)
F   12.27 (+2.85%)
ACB   9.60 (-2.24%)
DIS   189.99 (+1.04%)
BA   223.22 (-0.66%)
NFLX   516.39 (+1.00%)
BAC   36.93 (+1.18%)
QQQ   308.68 (+1.51%)
AAPL   121.42 (+1.07%)
MSFT   231.60 (+2.15%)
FB   264.28 (+2.58%)
GOOGL   2,097.07 (+3.10%)
TSLA   597.95 (-3.78%)
AMZN   3,000.46 (+0.77%)
NVDA   498.46 (+0.74%)
BABA   233.89 (+1.47%)
CGC   31.17 (+0.52%)
GE   13.60 (+0.22%)
MU   88.93 (+5.45%)
NIO   38.11 (-2.98%)
AMD   78.52 (+0.99%)
T   29.62 (+2.42%)
F   12.27 (+2.85%)
ACB   9.60 (-2.24%)
DIS   189.99 (+1.04%)
BA   223.22 (-0.66%)
NFLX   516.39 (+1.00%)
BAC   36.93 (+1.18%)
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NVR, Inc. (NYSE:NVR) Given Average Recommendation of "Buy" by Brokerages

Tuesday, February 23, 2021 | MarketBeat

NVR, Inc. (NYSE:NVR) has received a consensus recommendation of "Buy" from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5,045.60.

A number of analysts recently commented on NVR shares. Zacks Investment Research downgraded NVR from a "strong-buy" rating to a "hold" rating and set a $4,200.00 price target for the company. in a research report on Tuesday, December 8th. UBS Group initiated coverage on shares of NVR in a research report on Tuesday, December 8th. They issued a "buy" rating and a $5,558.00 price objective on the stock. Finally, KeyCorp started coverage on shares of NVR in a research report on Monday. They set an "overweight" rating and a $5,450.00 price target on the stock.

In related news, CAO Matthew B. Kelpy sold 463 shares of the firm's stock in a transaction on Monday, February 1st. The stock was sold at an average price of $4,500.00, for a total value of $2,083,500.00. Following the completion of the transaction, the chief accounting officer now owns 575 shares in the company, valued at approximately $2,587,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul C. Saville sold 850 shares of NVR stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $4,180.01, for a total value of $3,553,008.50. Following the transaction, the chief executive officer now owns 113,620 shares of the company's stock, valued at approximately $474,932,736.20. The disclosure for this sale can be found here. In the last three months, insiders sold 2,313 shares of company stock worth $10,156,509. 9.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of NVR. Smithfield Trust Co. boosted its holdings in NVR by 75.0% during the 3rd quarter. Smithfield Trust Co. now owns 7 shares of the construction company's stock valued at $28,000 after acquiring an additional 3 shares during the period. Alpha DNA Investment Management LLC purchased a new position in shares of NVR in the 4th quarter valued at $40,000. Sowell Financial Services LLC purchased a new position in shares of NVR in the 4th quarter valued at $61,000. ELM Advisors LLC acquired a new stake in NVR during the 4th quarter worth $102,000. Finally, First National Bank of South Miami boosted its stake in NVR by 36.4% during the 4th quarter. First National Bank of South Miami now owns 30 shares of the construction company's stock worth $122,000 after purchasing an additional 8 shares during the period. 82.07% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:NVR opened at $4,656.03 on Tuesday. The company's 50 day moving average price is $4,390.12 and its two-hundred day moving average price is $4,187.47. NVR has a 12-month low of $2,043.01 and a 12-month high of $4,806.54. The company has a quick ratio of 3.81, a current ratio of 6.08 and a debt-to-equity ratio of 0.52. The firm has a market cap of $17.14 billion, a PE ratio of 21.46, a PEG ratio of 1.04 and a beta of 1.00.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, January 28th. The construction company reported $76.93 EPS for the quarter, missing analysts' consensus estimates of $79.82 by ($2.89). NVR had a net margin of 12.16% and a return on equity of 33.14%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm posted $64.41 EPS. The company's quarterly revenue was up 17.8% on a year-over-year basis. On average, research analysts expect that NVR will post 229.39 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Monday, December 14th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It primarily constructs and sells 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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Analyst Recommendations for NVR (NYSE:NVR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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