NVR, Inc. (NYSE:NVR) Given Average Recommendation of “Hold” by Brokerages

Shares of NVR, Inc. (NYSE:NVRGet Free Report) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7,224.20.

NVR has been the topic of a number of recent analyst reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America cut 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 report on Monday, July 20th. UBS Group cut their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, BTIG Research set a $7,446.00 price objective on shares of NVR in a report on Friday, July 24th.

View Our Latest Stock Analysis on NVR

NVR Stock Performance

NVR stock opened at $6,284.54 on Wednesday. NVR has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The company has a market cap of $16.72 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 10.55 and a beta of 0.91. The business’s fifty day moving average is $6,444.91 and its 200-day moving average is $6,528.02.

NVR (NYSE:NVRGet Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $108.54 earnings per share. Equities research analysts forecast that NVR will post 367.13 EPS for the current year.

Insider Buying and Selling at NVR

In other news, Director George Oliver purchased 63 shares of NVR stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Institutional Trading of NVR

Several hedge funds have recently added to or reduced their stakes in NVR. Berkshire Hathaway Inc acquired a new position in shares of NVR in the second quarter valued at approximately $75,711,000. BlackRock Inc. bought a new stake in shares of NVR during the second quarter worth $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in NVR in the 2nd quarter valued at $44,887,000. AustralianSuper Pty Ltd bought a new stake in NVR in the 4th quarter valued at $4,835,000. Finally, Wealthfront Advisers LLC acquired a new position in NVR in the 2nd quarter worth $1,949,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

About NVR

(Get Free Report)

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.

Further Reading

Analyst Recommendations for NVR (NYSE:NVR)

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