NVR, Inc. (NYSE:NVR) Receives $9,531.67 Average Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR) have been given a consensus rating of “Hold” by the four ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9,356.67.

Several equities analysts have recently issued reports on the company. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. cut 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 research note on Wednesday. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % 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 company insiders.

Institutional Investors Weigh In On NVR

A number of large investors have recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV boosted its holdings in NVR by 100.0% in 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 in the last quarter. Blue Trust Inc. bought a new stake in NVR during the third quarter valued at about $39,000. Rakuten Securities Inc. bought a new stake in NVR during the third quarter valued at about $39,000. Private Trust Co. NA boosted its holdings in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter valued at about $49,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Down 1.0 %

NYSE:NVR opened at $7,983.06 on Friday. The firm has a market capitalization of $24.46 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The stock has a 50 day moving average of $8,477.09 and a 200-day moving average of $8,886.61. NVR has a 52 week low of $7,018.03 and a 52 week high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 38.20% and a net margin of 16.51%. Analysts predict that NVR will post 494.48 EPS for the current year.

NVR declared that its board has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management 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.