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

Shares of NVR, Inc. (NYSE:NVR) have been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $7,649.3333.

A number of equities research analysts have recently weighed in on NVR shares. UBS Group dropped their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Truist Financial dropped their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. BTIG Research restated a “buy” rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

NVR Trading Up 3.3%

NVR stock opened at $6,480.86 on Friday. The company has a market cap of $17.50 billion, a P/E ratio of 15.80, a PEG ratio of 4.62 and a beta of 0.93. NVR has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $6,292.19 and a 200-day moving average of $6,945.85.

NVR (NYSE:NVR) last released its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The company’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $94.83 EPS. As a group, equities research analysts expect that NVR will post 375.15 EPS for the current year.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently made changes to their positions in the stock. CI Investments Inc. grew its stake in shares of NVR by 13.3% during the third quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock worth $137,000 after purchasing an additional 2 shares during the period. Castleview Partners LLC raised its position in shares of NVR by 2.8% during the fourth quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock worth $540,000 after purchasing an additional 2 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares during the period. International Assets Investment Management LLC raised its position in shares of NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after purchasing an additional 2 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of NVR by 4.9% during the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.