NVR, Inc. (NVR) Receives Consensus Rating of “Buy” from Analysts

NVR, Inc. (NYSE:NVR) has been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3,282.33.

Several brokerages have recently issued reports on NVR. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. MKM Partners reissued a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. UBS began coverage on shares of NVR in a report on Wednesday, October 25th. They set a “neutral” rating and a $3,450.00 price target for the company. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th.

In related news, Director Timothy M. Donahue sold 326 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the completion of the sale, the director now owns 844 shares of the company’s stock, valued at $2,757,238.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William A. Moran sold 4,949 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the completion of the sale, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $85,089,009.15. The disclosure for this sale can be found here. Corporate insiders own 11.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of NVR. Toronto Dominion Bank acquired a new stake in NVR in the second quarter worth about $104,000. US Bancorp DE lifted its holdings in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after purchasing an additional 22 shares during the period. Advisor Group Inc. lifted its holdings in NVR by 13.9% in the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock worth $197,000 after purchasing an additional 10 shares during the period. Hikari Power Ltd acquired a new stake in NVR in the second quarter worth about $217,000. Finally, Independent Advisor Alliance acquired a new stake in NVR in the third quarter worth about $217,000. 78.48% of the stock is owned by institutional investors and hedge funds.

NVR (NYSE:NVR) opened at $3,398.63 on Monday. NVR has a 1-year low of $1,611.84 and a 1-year high of $3,509.88. The stock has a market cap of $12,710.54, a price-to-earnings ratio of 24.97, a PEG ratio of 1.35 and a beta of 0.75. The company has a current ratio of 3.60, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $28.46 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts expect that NVR will post 147.66 EPS for the current year.

NVR announced that its board has authorized a stock repurchase program on Tuesday, December 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Analyst Recommendations for NVR (NYSE:NVR)

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