NVR, Inc. (NYSE:NVR) Given Average Rating of “Hold” by Analysts

Shares of NVR, Inc. (NYSE:NVR) have received an average recommendation of “Hold” from the four analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9,356.67.

Several research firms have recently issued reports on NVR. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on 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 transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Large investors have recently added to or reduced their stakes in the business. Peak Financial Advisors LLC purchased a new position in NVR in the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. increased its position in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of NVR during the third quarter valued at approximately $9,341,000. Charles Schwab Investment Management Inc. lifted its position in shares of NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after acquiring an additional 644 shares in the last quarter. Finally, Markel Group Inc. boosted its stake in NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after purchasing an additional 110 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

NYSE NVR opened at $7,283.87 on Friday. The company has a 50-day moving average price of $7,619.69 and a two-hundred day moving average price of $8,572.24. NVR has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

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

NVR announced that its board has approved 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 reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

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.