NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Analysts

NVR, Inc. (NYSE:NVR) has received a consensus rating of “Hold” from the four research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9,356.67.

NVR has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th.

NVR Trading Down 2.4 %

NYSE:NVR opened at $7,084.39 on Wednesday. The company’s 50 day moving average is $7,959.67 and its 200-day moving average is $8,777.37. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities analysts anticipate that NVR will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by insiders.

Hedge Funds Weigh In On NVR

Hedge funds have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter valued at $3,277,825,000. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 363,004 shares in the last quarter. Siemens Fonds Invest GmbH grew its holdings in shares of NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock worth $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Norges Bank acquired a new stake in shares of NVR during the 4th quarter worth about $295,643,000. Finally, Jennison Associates LLC bought a new position in NVR during the 3rd quarter valued at about $348,545,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.