NVR, Inc. (NYSE:NVR) Receives Average Recommendation of “Hold” from Brokerages

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average recommendation of “Hold” from the four analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $8,783.33.

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Bank of America dropped their price target 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.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of NVR 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 sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last three months. Company insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vestcor Inc increased its holdings in NVR by 2.0% in the 3rd quarter. Vestcor Inc now owns 208 shares of the construction company’s stock valued at $2,041,000 after acquiring an additional 4 shares during the last quarter. Conway Capital Management Inc. bought a new stake in NVR in the 3rd quarter valued at $599,000. PYA Waltman Capital LLC increased its holdings in NVR by 4.1% in the 3rd quarter. PYA Waltman Capital LLC now owns 435 shares of the construction company’s stock valued at $4,268,000 after acquiring an additional 17 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in NVR by 1.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,315 shares of the construction company’s stock valued at $12,903,000 after acquiring an additional 13 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of NVR by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 242 shares of the construction company’s stock worth $2,374,000 after buying an additional 5 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 1.7 %

Shares of NVR stock opened at $9,026.00 on Monday. NVR has a 12-month low of $6,052.58 and a 12-month high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $9,444.50 and its 200 day moving average is $8,552.93. The stock has a market capitalization of $27.66 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.94 and a beta of 1.20.

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

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.