NVR, Inc. (NYSE:NVR) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of NVR, Inc. (NYSE:NVR) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have 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 $6,809.67.

A number of analysts have issued reports on the company. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research set a $7,125.00 price target on NVR in a report on Tuesday, September 22nd. Bank of America dropped their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Truist Financial cut 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 report on Friday, July 24th. Finally, Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd.

NVR Stock Down 1.4%

Shares of NYSE:NVR opened at $5,893.88 on Thursday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR has a 52-week low of $5,501.01 and a 52-week high of $8,200.00. The stock’s fifty day simple moving average is $6,176.79 and its 200-day simple moving average is $6,309.18. The company has a market capitalization of $15.68 billion, a P/E ratio of 15.29 and a beta of 0.90.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $108.54 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that NVR will post 361.98 earnings per share for the current fiscal year.

Insider Activity

In other NVR news, Director George Oliver purchased 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

Institutional Investors Weigh In On NVR

Several institutional investors and hedge funds have recently modified their holdings of NVR. Clearstead Trust LLC acquired a new stake in NVR in the second quarter valued at approximately $27,000. Activest Wealth Management purchased a new stake in shares of NVR during the third quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of NVR during the second quarter valued at approximately $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR during the second quarter valued at approximately $34,000. Finally, Global Retirement Partners LLC acquired a new position in shares of NVR during the second quarter worth $41,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.