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

NVR, Inc. (NYSE:NVR - Get Free Report) has been given an average recommendation of "Hold" by the three ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8,783.33.

A number of equities analysts recently issued reports on NVR shares. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday. Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group raised their price objective on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 400 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares of the company's stock, valued at approximately $1,965,600. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of NVR

Several institutional investors and hedge funds have recently modified their holdings of NVR. Intech Investment Management LLC purchased a new position in shares of NVR during the third quarter valued at $9,341,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in NVR by 53.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company's stock valued at $104,888,000 after buying an additional 3,741 shares during the period. Jennison Associates LLC purchased a new stake in NVR during the third quarter worth $348,545,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in NVR during the third quarter worth $3,552,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in NVR during the 3rd quarter valued at $1,717,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded down $57.68 during trading on Monday, hitting $9,249.26. 18,145 shares of the company's stock traded hands, compared to its average volume of 19,130. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business has a 50-day simple moving average of $9,440.66 and a 200-day simple moving average of $8,497.45. NVR has a 1 year low of $5,950.21 and a 1 year high of $9,964.77. The stock has a market capitalization of $28.30 billion, a P/E ratio of 19.03, a PEG ratio of 1.99 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. NVR's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $125.26 earnings per share. As a group, analysts forecast that NVR will post 496.62 EPS for the current year.

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.