Brokerages Set NVR, Inc. (NYSE:NVR) Target Price at $9,765.00

NVR, Inc. (NYSE:NVR) has been given an average rating of “Hold” by the four research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9,765.00.

Several research analysts recently weighed in on NVR shares. UBS Group upped their price target on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Bank of America lowered their price objective 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. Finally, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock valued at $7,294,073 in the last 90 days. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new position in NVR in the 3rd quarter valued at $39,000. Rakuten Securities Inc. bought a new position in NVR during the third quarter worth about $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR in the 2nd quarter worth about $46,000. Finally, Private Trust Co. NA boosted its holdings in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $7,989.89 on Tuesday. The firm’s 50-day simple moving average is $8,862.25 and its 200 day simple moving average is $8,805.40. The stock has a market cap of $24.48 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.84 and a beta of 1.18. NVR has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company earned $125.26 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts expect that NVR will post 494.48 EPS for the current year.

NVR announced that its Board of Directors has approved 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 reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is 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.