NVR, Inc. (NYSE:NVR) Receives $9,023.33 Consensus Price Target from Analysts

Shares of NVR, Inc. (NYSE:NVR) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9,023.33.

NVR has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their target price on shares of 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 Trading of NVR

Hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in NVR in the fourth quarter worth $3,277,825,000. Vanguard Group Inc. grew its position in shares of NVR by 0.3% during the fourth 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 last quarter. GAMMA Investing LLC increased its holdings in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock worth $1,154,589,000 after acquiring an additional 159,358 shares during the period. Capital Research Global Investors lifted its position in NVR by 11.7% in the 4th 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 last quarter. Finally, Siemens Fonds Invest GmbH boosted its stake 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 during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,152.97 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm’s 50-day simple moving average is $7,183.79 and its 200-day simple moving average is $7,939.63. The firm has a market cap of $21.24 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. Equities analysts forecast that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.