NVR, Inc. (NYSE:NVR) Stock Has Average Target Price of $7,160.00

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7,160.00.

NVR has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Bank of America decreased their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Truist Financial dropped their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, BTIG Research set a $7,125.00 price objective on NVR in a research report on Tuesday, September 22nd.

Insider Activity at NVR

In other news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of NVR during the 2nd quarter worth $2,004,324,000. Capital Research Global Investors grew its position in NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after purchasing an additional 551 shares during the last quarter. State Street Corp grew its holdings in shares of NVR by 0.9% during the second quarter. State Street Corp now owns 128,768 shares of the construction company’s stock valued at $877,348,000 after buying an additional 1,172 shares during the last quarter. Corient Private Wealth LLC raised its position in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of NVR during the 4th quarter valued at about $311,496,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $6,237.86 on Friday. NVR has a 12-month low of $5,501.01 and a 12-month high of $8,200.00. The firm has a 50 day moving average of $6,300.92 and a 200 day moving average of $6,375.28. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 10.52 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.NVR’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $108.54 EPS. On average, research analysts anticipate that NVR will post 365.41 earnings per share for the current year.

NVR Company Profile

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.