NVR, Inc. (NYSE:NVR) Stock Has Consensus Target Price of $7,160.00 According to Analysts

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $6,809.67.

NVR has been the subject of several analyst reports. Bank of America cut their target price on 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. Truist Financial decreased their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. BTIG Research set a $7,125.00 price target on shares of NVR in a report on Tuesday, September 22nd. UBS Group cut 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. Finally, Weiss Ratings raised shares of NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 14th.

Insider Buying and Selling

In other news, Director George Oliver purchased 63 shares of the business’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently made changes to their positions in NVR. BlackRock Inc. bought a new stake in NVR during the second quarter valued at approximately $2,004,324,000. Norges Bank bought a new position in shares of NVR in the 4th quarter worth $311,496,000. Corient Private Wealth LLC increased its holdings in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Caisse de depot et placement du Quebec purchased a new stake in shares of NVR during the 2nd quarter valued at $194,114,000. Finally, First Trust Advisors LP raised its position in shares of NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 2.4%

NYSE:NVR opened at $5,982.03 on Friday. The company has a market cap of $15.91 billion, a P/E ratio of 15.51, a P/E/G ratio of 10.06 and a beta of 0.90. The stock’s fifty day moving average price is $6,287.19 and its two-hundred day moving average price is $6,368.22. NVR has a 1 year low of $5,501.01 and a 1 year high of $8,200.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping 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 firm 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 earned $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts expect that NVR will post 362.33 EPS for the current year.

About NVR

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.