NVR, Inc. (NYSE:NVR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3,282.00.

NVR has been the topic of several recent research reports. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Buckingham Research upped their price objective on NVR from $3,030.00 to $3,410.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Co set a $3,500.00 price objective on NVR and gave the company a “market perform” rating in a research report on Tuesday, April 23rd. Finally, Evercore ISI initiated coverage on NVR in a research report on Thursday, June 6th. They issued an “in-line” rating and a $3,467.00 price objective on the stock.

In related news, CFO Daniel David Malzahn sold 1,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $3,222.87, for a total transaction of $4,834,305.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandra A. Jung bought 70 shares of NVR stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average price of $3,285.00 per share, for a total transaction of $229,950.00. Following the completion of the transaction, the director now directly owns 95 shares of the company’s stock, valued at approximately $312,075. The disclosure for this purchase can be found here. Insiders sold 25,320 shares of company stock worth $83,126,269 over the last 90 days. Company insiders own 11.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in NVR by 4.0% during the first quarter. BlackRock Inc. now owns 371,681 shares of the construction company’s stock worth $1,028,440,000 after buying an additional 14,276 shares during the period. FMR LLC lifted its position in NVR by 48.8% during the fourth quarter. FMR LLC now owns 187,402 shares of the construction company’s stock worth $456,697,000 after buying an additional 61,448 shares during the period. Diamond Hill Capital Management Inc. lifted its position in NVR by 18.1% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 108,358 shares of the construction company’s stock worth $264,067,000 after buying an additional 16,606 shares during the period. Impala Asset Management LLC lifted its position in NVR by 4.7% during the first quarter. Impala Asset Management LLC now owns 52,370 shares of the construction company’s stock worth $144,908,000 after buying an additional 2,359 shares during the period. Finally, Northern Trust Corp lifted its position in NVR by 6.8% during the first quarter. Northern Trust Corp now owns 43,987 shares of the construction company’s stock worth $121,712,000 after buying an additional 2,793 shares during the period. Hedge funds and other institutional investors own 79.00% of the company’s stock.

NVR opened at $3,411.99 on Friday. The company has a current ratio of 4.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.59 and a beta of 0.67. NVR has a one year low of $2,040.71 and a one year high of $3,489.00.

NVR (NYSE:NVR) last posted its earnings results on Monday, April 22nd. The construction company reported $47.64 EPS for the quarter, topping the Zacks’ consensus estimate of $34.45 by $13.19. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.48 billion. NVR had a return on equity of 46.85% and a net margin of 11.45%. NVR’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $39.34 earnings per share. On average, equities analysts anticipate that NVR will post 198.36 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Analyst Recommendations for NVR (NYSE:NVR)

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