Brokerages Set NVR, Inc. (NYSE:NVR) Target Price at $8,783.33

NVR, Inc. (NYSE:NVR - Get Free Report) has earned an average recommendation of "Hold" from the four research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8,783.33.

Several brokerages have recently weighed in on NVR. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, UBS Group raised their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd.

Insider Activity at NVR

In related news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Drive Wealth Management LLC increased its holdings in shares of NVR by 7.7% in the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock valued at $212,000 after purchasing an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in NVR by 0.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock valued at $2,383,000 after acquiring an additional 2 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in shares of NVR by 8.7% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock worth $190,000 after purchasing an additional 2 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after purchasing an additional 2 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in NVR by 13.3% during the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock worth $167,000 after buying an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded down $8.68 during mid-day trading on Friday, reaching $8,946.33. 21,524 shares of the company's stock traded hands, compared to its average volume of 19,359. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR has a 12 month low of $6,330.74 and a 12 month high of $9,964.77. The firm has a 50 day moving average price of $9,353.77 and a two-hundred day moving average price of $8,682.07. The firm has a market capitalization of $27.38 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS 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%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $125.26 earnings per share. On average, research analysts forecast that NVR will post 494.48 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.