NVR, Inc. (NYSE:NVR) has earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $3,316.67.
Several equities analysts have recently issued reports on the company. ValuEngine lowered NVR from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated a “$2,892.50” rating and issued a $3,100.00 price target (down previously from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Finally, MKM Partners decreased their price target on NVR to $3,100.00 and set a “neutral” rating on the stock in a research note on Friday, August 3rd.
NYSE NVR traded down $4.50 during midday trading on Wednesday, hitting $2,579.42. The company had a trading volume of 719 shares, compared to its average volume of 21,991. The stock has a market capitalization of $9.37 billion, a PE ratio of 18.23, a P/E/G ratio of 0.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.67 and a quick ratio of 1.40. NVR has a twelve month low of $2,558.27 and a twelve month high of $3,700.00.
NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 1st that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
In related news, Director Eddie Arthur Grier sold 108 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $2,722.12, for a total transaction of $293,988.96. Following the sale, the director now owns 193 shares in the company, valued at approximately $525,369.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $2,713.28, for a total value of $2,713,280.00. Following the sale, the insider now owns 5,198 shares in the company, valued at approximately $14,103,629.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,108 shares of company stock worth $5,734,359. Corporate insiders own 12.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Navellier & Associates Inc grew its position in NVR by 5.1% during the 2nd quarter. Navellier & Associates Inc now owns 436 shares of the construction company’s stock worth $1,295,000 after acquiring an additional 21 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in NVR by 2.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 825 shares of the construction company’s stock worth $2,310,000 after acquiring an additional 22 shares during the last quarter. Thrivent Financial for Lutherans grew its position in NVR by 3.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 783 shares of the construction company’s stock worth $2,192,000 after acquiring an additional 25 shares during the last quarter. Zacks Investment Management grew its position in NVR by 4.3% during the 2nd quarter. Zacks Investment Management now owns 710 shares of the construction company’s stock worth $2,110,000 after acquiring an additional 29 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in NVR by 4.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 650 shares of the construction company’s stock worth $1,931,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 78.05% of the company’s stock.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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