NVR, Inc. (NYSE:NVR) Given Consensus Rating of “Moderate Buy” by Brokerages

NVR, Inc. (NYSE:NVR) has received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8,530.50.

NVR has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Bank of America dropped their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. BTIG Research started coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito bought 14 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at approximately $98,952.70. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On NVR

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC raised its holdings in NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company’s stock worth $1,398,000 after purchasing an additional 129 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in NVR by 39.8% in the 1st quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock valued at $992,000 after purchasing an additional 39 shares in the last quarter. Graham Capital Management L.P. acquired a new position in NVR during the 1st quarter worth approximately $1,630,000. BNP Paribas Financial Markets raised its stake in shares of NVR by 8.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,029 shares of the construction company’s stock worth $50,921,000 after buying an additional 568 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of NVR by 569.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 11,877 shares of the construction company’s stock valued at $86,042,000 after buying an additional 10,102 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,331.10 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 9.91 and a beta of 1.01. The stock’s 50-day moving average is $7,387.82 and its two-hundred day moving average is $7,676.99. NVR has a 1-year low of $6,562.85 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a return on equity of 35.89% and a net margin of 14.00%.The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $130.50 earnings per share. Analysts forecast that NVR will post 505.2 EPS for the current fiscal year.

About NVR

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.