NVR,Inc. (NYSE:NVR) has a consensus rating of "Hold" from seven brokerages, while four suggest holding, and two have buy ratings.
The average price target for NVR shares in the next year is $7,649.33. Analyst opinions are mixed . Bank of America cut its target from $8,600 to $8,225 but kept "buy" rating. UBS Group, on the other hand,lowered its target from $8,100 to $7,700,giving it a "neutral" rating.
On April 23, Truist Financial reduced its price target from $7,100 to $6,600 while maintaining a "hold" rating. Earlier,on April 7, Seaport Research Partners reaffirmed a "sell" rating with a target of $5,664 . These changes show cautious view among analysts on NVR’s prospects.
In noteworthy move, Director Michael J. Devito bought 11 shares of NVR on April 24 at an average price of $6,699.50 each, totaling $73,694.50. After this purchase,his total holdings rose to 25 shares, valued at about $167,487.50,reflecting a 78.57% increase in his position. Insiders hold roughly 8.60% of NVR’s stock .
Institutional investors are also adjusting their positions in NVR. Capital Research Global Investors raised its holdings by 0.4% in the fourth quarter, now owning 133,554 shares worth nearly $974 million. Principal Financial Group increased its stake by 4.0%, bringing its total to 60,307 shares valued at $484.5 million.
Other changes include M&T Bank Corp, which boosted its position by eye-popping 34,923.5%, now holding 56,738 shares valued at $413.8 million. Corient Private Wealth LLC also raised its stake by 407.5%,owning 45,572 shares worth about $332.3 million. Institutional investors and hedge funds control about 83.67% of NVR’s shares.
As of Monday, NVR’s stock opened at $6,102.06. The company has seen a one-year low of $5,501.01 and a high of $8,618.28 . Financial metrics show debt-to-equity ratio of 0.26, a quick ratio of 2.67, and a current ratio of 5.19 . The stock has a market cap of $16.47 billion,a P/E ratio of 14.88, and a price-to-earnings-growth ratio of 4.54.
NVR’s latest earnings report,released on April 22,showed earnings per share (EPS) of $67.76, missing analysts’ expectations of $79.97. company reported revenue of $1.91 billion, down 21.7% from last year, compared to estimates of $2.09 billion. NVR’s net margin was 12.93%, with a return on equity of 32.66%.
To boost shareholder value, NVR announced a stock repurchase program on February 11,allowing the company to buy back up to $750 million in shares, about 3.3% of its total. This often signals that leadership thinks the stock is undervalued.
NVR, Inc. focuses on homebuilding and mortgage banking, specializing in the design,construction, and sale of single-family homes, townhomes, and condominiums. The company operates through regional brands like Ryan Homes and NVHomes,catering to various buyer demographics across the United States.
