NVR, Inc. (NYSE:NVR) Receives $9,356.67 Consensus Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR - Get Free Report) have received a consensus recommendation of "Hold" from the four brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9,356.67.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th.

NVR Stock Down 2.4 %

NVR traded down $173.61 during trading on Wednesday, hitting $7,084.39. The company had a trading volume of 34,579 shares, compared to its average volume of 27,524. The company has a market cap of $21.18 billion, a PE ratio of 13.96, a P/E/G ratio of 2.33 and a beta of 1.20. The business has a 50-day moving average of $7,989.86 and a 200-day moving average of $8,778.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR has a 1-year low of $7,073.38 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, analysts forecast that NVR will post 512.33 earnings per share for the current year.

NVR announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.00% of the company's stock.

Institutional Trading of NVR

A number of large investors have recently modified their holdings of NVR. Proficio Capital Partners LLC bought a new position in NVR in the 4th quarter valued at about $3,277,825,000. International Assets Investment Management LLC grew its position in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock valued at $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after buying an additional 57,236 shares in the last quarter. Norges Bank bought a new position in NVR in the 4th quarter valued at about $295,643,000. Finally, Jennison Associates LLC bought a new position in NVR in the 3rd quarter valued at about $348,545,000. Institutional investors and hedge funds own 83.67% of the company's stock.

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.