NVR, Inc. (NYSE:NVR) Receives $7,649.33 Consensus Target Price from Analysts

NVR, Inc. (NYSE:NVR) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7,649.3333.

A number of brokerages recently weighed in on NVR. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group decreased their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Finally, Truist Financial decreased their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd.

NVR Stock Up 0.8%

Shares of NVR stock opened at $6,819.08 on Friday. The company has a fifty day moving average price of $6,269.68 and a 200 day moving average price of $6,910.41. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 5.02 and a beta of 0.93.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company posted $94.83 earnings per share. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts forecast that NVR will post 372.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVR. M&T Bank Corp boosted its position in NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Norges Bank purchased a new position in NVR in the 4th quarter valued at about $311,496,000. Corient Private Wealth LLC boosted its position in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the last quarter. First Trust Advisors LP boosted its position in NVR by 879.9% in 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 during the last quarter. Finally, Close Asset Management Ltd purchased a new position in NVR in the 3rd quarter valued at about $148,939,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

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.