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

Shares of NVR, Inc. (NYSE:NVR) have been assigned an average rating of “Hold” from the four ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9,023.33.

Several brokerages have recently issued reports on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. UBS Group dropped their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd.

NVR Trading Up 0.5%

NVR opened at $7,076.41 on Friday. The stock’s fifty day moving average is $7,135.36 and its two-hundred day moving average is $7,707.78. The company has a market capitalization of $20.69 billion, a P/E ratio of 13.94, a PEG ratio of 2.39 and a beta of 1.02. NVR has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

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

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after acquiring an additional 31 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of NVR by 5.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock valued at $294,000 after purchasing an additional 2 shares in the last quarter. Perigon Wealth Management LLC purchased a new position in shares of NVR in the 4th quarter valued at about $234,000. Forsta AP Fonden increased its holdings in NVR by 1.7% during the 4th quarter. Forsta AP Fonden now owns 600 shares of the construction company’s stock valued at $4,907,000 after acquiring an additional 10 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its holdings in NVR by 162.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 386 shares of the construction company’s stock valued at $3,148,000 after acquiring an additional 239 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.