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

Shares of NVR, Inc. (NYSE:NVR) have been given an average recommendation of “Hold” by the four ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities 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 brokerages that have issued ratings on the stock in the last year is $9,356.67.

Several brokerages have weighed in on NVR. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price 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.

NVR Stock Performance

NYSE:NVR opened at $7,327.60 on Wednesday. The company has a market capitalization of $21.91 billion, a PE ratio of 14.44, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a 50 day simple moving average of $7,907.73 and a two-hundred day simple moving average of $8,759.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping 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%. Research analysts anticipate that NVR will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated 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 sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new stake in NVR in the 3rd quarter worth about $39,000. Peak Financial Advisors LLC purchased a new position in NVR during the 4th quarter valued at about $1,235,000. JPMorgan Chase & Co. grew its holdings 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 buying an additional 2,206 shares in the last quarter. Intech Investment Management LLC purchased a new position in NVR during the 3rd quarter valued at about $9,341,000. Finally, Brown Brothers Harriman & Co. grew its holdings in NVR by 11.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors 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.