NVR, Inc. (NYSE:NVR) Given Average Rating of “Hold” by Analysts

NVR, Inc. (NYSE:NVR) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $7,224.20.

A number of equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Bank of America dropped their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. BTIG Research set a $7,446.00 target price on shares of NVR in a research report on Friday, July 24th. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Finally, UBS Group dropped their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th.

Insider Activity at NVR

In other news, Director George Oliver bought 63 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Institutional Trading of NVR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVR. Clearstead Trust LLC acquired a new position in NVR during the 2nd quarter valued at about $27,000. DV Equities LLC bought a new position in shares of NVR in the 4th quarter valued at about $29,000. Strive Financial Group LLC acquired a new stake in shares of NVR during the 4th quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in shares of NVR during the second quarter worth approximately $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR during the second quarter worth approximately $34,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NVR stock opened at $6,284.54 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The firm has a market cap of $16.72 billion, a P/E ratio of 16.30, a P/E/G ratio of 10.55 and a beta of 0.91. The business’s fifty day moving average is $6,444.91 and its two-hundred day moving average is $6,528.02. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $108.54 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts forecast that NVR will post 367.13 earnings per share 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.