NVR, Inc. (NYSE:NVR) Receives Consensus Rating of “Hold” from Analysts

NVR, Inc. (NYSE:NVR) has earned a consensus rating of “Hold” from the four brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9,023.33.

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Monday, June 30th. UBS Group dropped their price objective on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd.

Institutional Investors Weigh In On NVR

Several large investors have recently made changes to their positions in NVR. Vanguard Group Inc. boosted its holdings in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after acquiring an additional 1,147 shares during the period. GAMMA Investing LLC lifted its position in shares of NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock worth $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock valued at $880,099,000 after purchasing an additional 11,274 shares during the period. Boston Partners grew its holdings in NVR by 14.0% during the 1st quarter. Boston Partners now owns 59,077 shares of the construction company’s stock valued at $427,962,000 after purchasing an additional 7,233 shares in the last quarter. Finally, Siemens Fonds Invest GmbH grew its holdings in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 0.1%

Shares of NYSE:NVR opened at $7,899.85 on Friday. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 8.88 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $7,309.11 and its 200 day moving average price is $7,391.97. NVR has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating the consensus estimate of $106.35 by $2.19. NVR had a return on equity of 38.32% and a net margin of 15.33%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the company earned $120.69 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.