NVR, Inc. (NYSE:NVR) Receives $8,783.33 Average PT from Brokerages

NVR, Inc. (NYSE:NVR) has received a consensus recommendation of “Hold” from the four brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $8,783.33.

NVR has been the subject of a number of research reports. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group lifted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Bank of America cut their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This represents a 35.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Several large investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Smead Capital Management Inc. increased its position in NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after purchasing an additional 1,223 shares in the last quarter. Jennison Associates LLC purchased a new stake in NVR in the third quarter valued at approximately $348,545,000. Marshfield Associates increased its position in shares of NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after acquiring an additional 96 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after buying an additional 906 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

NYSE NVR opened at $9,033.21 on Monday. The business’s 50-day moving average price is $9,444.50 and its 200 day moving average price is $8,537.55. The company has a market capitalization of $27.64 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a twelve month low of $6,052.58 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $125.26 earnings per share. On average, research analysts predict that NVR will post 494.87 earnings per share for the current year.

About NVR

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.