NVR, Inc. (NYSE:NVR) Given Consensus Rating of “Moderate Buy” by Brokerages

NVR, Inc. (NYSE:NVR – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4,956.00.

Several analysts recently weighed in on NVR shares. KeyCorp lifted their price target on NVR from $5,120.00 to $6,000.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $4,310.00 to $5,000.00 in a research report on Tuesday, November 22nd. Finally, StockNews.com assumed coverage on shares of NVR in a research report on Thursday. They set a “buy” rating on the stock.

NVR Price Performance

NYSE:NVR opened at $5,478.12 on Friday. The company has a market cap of $17.80 billion, a P/E ratio of 11.13, a P/E/G ratio of 3.14 and a beta of 0.98. The firm’s fifty day moving average price is $5,125.35 and its two-hundred day moving average price is $4,604.62. NVR has a one year low of $3,576.01 and a one year high of $5,500.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.64 and a quick ratio of 3.50.

NVR (NYSE:NVR – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The construction company reported $133.44 earnings per share for the quarter, beating the consensus estimate of $98.88 by $34.56. NVR had a net margin of 16.71% and a return on equity of 56.08%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period in the prior year, the firm earned $89.09 EPS. The business’s revenue was up 22.6% on a year-over-year basis. Equities analysts expect that NVR will post 394.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Daniel David Malzahn sold 100 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $5,213.22, for a total transaction of $521,322.00. Following the completion of the transaction, the chief financial officer now owns 6,976 shares of the company’s stock, valued at approximately $36,367,422.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Daniel David Malzahn sold 100 shares of NVR stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $5,213.22, for a total transaction of $521,322.00. Following the sale, the chief financial officer now directly owns 6,976 shares of the company’s stock, valued at approximately $36,367,422.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 632 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $5,379.77, for a total transaction of $3,400,014.64. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,237,347.10. The disclosure for this sale can be found here. Insiders sold 7,327 shares of company stock worth $38,173,143 over the last three months. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently bought and sold shares of NVR. Oppenheimer & Co. Inc. grew its holdings in shares of NVR by 3.2% during the third quarter. Oppenheimer & Co. Inc. now owns 162 shares of the construction company’s stock worth $646,000 after purchasing an additional 5 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of NVR by 120.6% during the third quarter. Pathstone Family Office LLC now owns 236 shares of the construction company’s stock valued at $941,000 after acquiring an additional 129 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of NVR by 0.8% during the third quarter. Treasurer of the State of North Carolina now owns 1,285 shares of the construction company’s stock worth $5,123,000 after purchasing an additional 10 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of NVR by 64.0% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,279 shares of the construction company’s stock worth $13,130,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in NVR by 9.3% in the third quarter. Apollon Wealth Management LLC now owns 106 shares of the construction company’s stock valued at $423,000 after purchasing an additional 9 shares during the period. Institutional investors own 82.96% of the company’s stock.

NVR Company Profile

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The company was founded in 1980 and is headquartered in Reston, VA.