Brokerages Set NVR, Inc. (NYSE:NVR) Price Target at $7,649.33

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7,649.3333.

A number of analysts have recently weighed in on NVR shares. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. UBS Group lowered their price objective on shares of 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. Truist Financial cut their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd.

Insider Activity at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the company’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, for a total transaction of $73,694.50. Following the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DV Equities LLC bought a new position in shares of NVR in the fourth quarter worth about $29,000. Strive Financial Group LLC acquired a new position in NVR during the 4th quarter worth approximately $29,000. Oakworth Capital Inc. acquired a new position in NVR during the 4th quarter worth approximately $36,000. State of Wyoming bought a new position in NVR in the 2nd quarter valued at approximately $44,000. Finally, USA Financial Formulas lifted its stake in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 3.2%

NVR stock opened at $6,489.54 on Tuesday. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The business has a 50-day simple moving average of $6,308.72 and a 200 day simple moving average of $6,820.45. 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 company has a market cap of $17.52 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company earned $94.83 earnings per share. The company’s quarterly revenue was down 21.7% on a year-over-year basis. Sell-side analysts anticipate that NVR will post 372.53 EPS for the current fiscal year.

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.