NVR (NYSE:NVR) Sets New 12-Month High at $8,137.15

NVR, Inc. (NYSE:NVR)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $8,137.15 and last traded at $8,137.14, with a volume of 2529 shares traded. The stock had previously closed at $7,980.74.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of NVR from a “sell” rating to a “hold” rating and boosted their price target for the stock from $4,900.00 to $6,300.00 in a research note on Friday, December 8th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.

NVR Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The stock’s fifty day moving average price is $7,494.08 and its 200-day moving average price is $6,709.62. The firm has a market cap of $25.92 billion, a PE ratio of 17.47, a P/E/G ratio of 3.68 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. NVR had a net margin of 17.09% and a return on equity of 38.50%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $133.44 EPS. As a group, equities analysts forecast that NVR, Inc. will post 484.48 EPS for the current fiscal year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,751,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,981 shares of company stock valued at $59,155,947. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after buying an additional 237,977 shares during the period. Norges Bank acquired a new position in NVR in the 4th quarter valued at $246,031,000. BlackRock Inc. lifted its stake in shares of NVR by 12.1% during the 2nd quarter. BlackRock Inc. now owns 265,790 shares of the construction company’s stock worth $1,687,930,000 after purchasing an additional 28,676 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of NVR during the second quarter worth $70,568,000. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of NVR in the third quarter valued at $62,370,000. 83.67% of the stock is owned by institutional investors and hedge funds.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.