NVR, Inc. (NYSE:NVR) Given Consensus Rating of "Hold" by Brokerages

NVR, Inc. (NYSE:NVR - Get Free Report) has earned an average rating of "Hold" from the four analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $9,765.00.

Several equities research analysts have issued reports on NVR shares. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. 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 lowered NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. UBS Group upped their target price on NVR from $8,450.00 to $9,450.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Bank of America dropped their target price on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company's stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Preiser sold 250 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 over the last quarter. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after acquiring an additional 2,206 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of NVR by 23.3% during the third quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company's stock valued at $91,796,000 after purchasing an additional 1,780 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NVR in the third quarter worth about $49,000. TD Private Client Wealth LLC grew its position in NVR by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 128 shares of the construction company's stock valued at $1,256,000 after buying an additional 4 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in NVR during the 3rd quarter valued at about $292,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Up 0.0 %

Shares of NVR traded up $2.44 during trading hours on Tuesday, hitting $8,178.90. The stock had a trading volume of 18,134 shares, compared to its average volume of 19,659. The company's fifty day simple moving average is $8,941.41 and its 200 day simple moving average is $8,811.49. NVR has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $25.06 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.84 and a beta of 1.18.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $125.26 earnings per share. Equities research analysts forecast that NVR will post 494.48 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign 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 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.