Analysts Set NVR, Inc. (NYSE:NVR) Price Target at $9,023.33

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus rating of “Hold” from the four brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9,023.33.

Several research analysts recently weighed in on NVR shares. UBS Group decreased their target price on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On NVR

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in NVR during the third quarter valued at about $49,000. Franklin Resources Inc. lifted its position in shares of NVR by 23.3% in the 3rd quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company’s stock valued at $91,796,000 after acquiring an additional 1,780 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after acquiring an additional 2 shares in the last quarter. Everence Capital Management Inc. acquired a new position in NVR in the 4th quarter worth approximately $409,000. Finally, Nordea Investment Management AB grew its position in NVR by 8.7% during the 4th quarter. Nordea Investment Management AB now owns 262 shares of the construction company’s stock worth $2,158,000 after purchasing an additional 21 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Down 1.0%

Shares of NYSE:NVR opened at $7,152.97 on Monday. The company has a 50 day moving average of $7,183.79 and a 200-day moving average of $7,939.63. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.24 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.39 and a beta of 1.02. NVR has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, analysts anticipate that NVR will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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.