NVR (NYSE:NVR) Earns Hold Rating from Analysts at Truist Financial

Truist Financial assumed coverage on shares of NVR (NYSE:NVR) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $7,700.00 target price on the construction company’s stock.

Other research analysts have also issued research reports about the stock. UBS Group set a $8,100.00 price target on shares of NVR in a research note on Friday, February 13th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. BTIG Research started coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Finally, Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8,182.83.

NVR Trading Down 1.6%

NYSE NVR opened at $6,958.28 on Wednesday. The firm has a market cap of $19.41 billion, a P/E ratio of 15.91, a P/E/G ratio of 2.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The stock’s 50-day moving average is $7,552.24 and its 200-day moving average is $7,656.13. NVR has a one year low of $6,562.85 and a one year high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $139.93 EPS. NVR’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts anticipate that NVR will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the sale, the director owned 386 shares of the company’s stock, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 over the last ninety days. Company insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVR. DV Equities LLC acquired a new position in shares of NVR during the 4th quarter worth about $29,000. Strive Financial Group LLC acquired a new stake in shares of NVR in the fourth quarter valued at about $29,000. Oakworth Capital Inc. bought a new stake in NVR during the fourth quarter worth about $36,000. Assetmark Inc. raised its holdings in NVR by 50.0% during the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares in the last quarter. Finally, State of Wyoming acquired a new position in NVR during the second quarter valued at approximately $44,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

About NVR

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.