NVR (NVR) Research Coverage Started at Buckingham Research

Buckingham Research assumed coverage on shares of NVR (NYSE:NVR) in a report published on Friday, MarketBeat Ratings reports. The firm issued a buy rating on the construction company’s stock.

Several other brokerages have also issued reports on NVR. Zacks Investment Research lowered NVR from a hold rating to a sell rating in a report on Wednesday, September 26th. Bank of America lowered NVR from a buy rating to a neutral rating and set a $2,850.00 price target on the stock. in a report on Thursday, October 18th. Wells Fargo & Co reissued a market perform rating and set a $2,410.00 price target (down previously from $3,780.00) on shares of NVR in a report on Friday, October 19th. Finally, ValuEngine lowered NVR from a sell rating to a strong sell rating in a report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $3,104.33.

NYSE:NVR opened at $2,586.10 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 3.74. NVR has a 52 week low of $2,040.71 and a 52 week high of $3,700.00. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.99 and a beta of 0.55.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, October 18th. The construction company reported $48.28 EPS for the quarter, missing analysts’ consensus estimates of $50.94 by ($2.66). NVR had a return on equity of 47.30% and a net margin of 10.10%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $38.02 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, analysts anticipate that NVR will post 184.39 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, December 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other NVR news, insider Jeffrey D. Martchek sold 1,699 shares of NVR stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $2,482.93, for a total value of $4,218,498.07. Following the sale, the insider now owns 4,774 shares of the company’s stock, valued at approximately $11,853,507.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert W. Henley sold 4,203 shares of NVR stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $2,131.63, for a total value of $8,959,240.89. Following the completion of the sale, the insider now directly owns 797 shares in the company, valued at approximately $1,698,909.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,163 shares of company stock worth $57,909,385. Corporate insiders own 12.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its position in shares of NVR by 1.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 1,917 shares of the construction company’s stock valued at $4,737,000 after acquiring an additional 23 shares during the period. Cerebellum GP LLC lifted its position in shares of NVR by 57.8% during the 3rd quarter. Cerebellum GP LLC now owns 71 shares of the construction company’s stock valued at $175,000 after acquiring an additional 26 shares during the period. Vident Investment Advisory LLC lifted its position in shares of NVR by 17.2% during the 3rd quarter. Vident Investment Advisory LLC now owns 184 shares of the construction company’s stock valued at $455,000 after acquiring an additional 27 shares during the period. IFM Investors Pty Ltd lifted its position in shares of NVR by 17.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 192 shares of the construction company’s stock valued at $474,000 after acquiring an additional 28 shares during the period. Finally, Zacks Investment Management lifted its position in shares of NVR by 4.3% during the 2nd quarter. Zacks Investment Management now owns 710 shares of the construction company’s stock valued at $2,110,000 after acquiring an additional 29 shares during the period. 78.28% of the stock is currently owned by institutional investors.

NVR Company Profile

NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following segments: Homebuilding and . The Homebuilding segment sells and builds homes under the trade names Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes.

Further Reading: Stock Symbol

Analyst Recommendations for NVR (NYSE:NVR)

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