NVR (NYSE:NVR) PT Raised to $8,175.00

NVR (NYSE:NVR) had its price target upped by analysts at UBS Group from $7,600.00 to $8,175.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 5.83% from the company’s current price.

Separately, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

NVR Stock Down 0.9 %

Shares of NYSE:NVR opened at $7,725.00 on Wednesday. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The company has a 50 day moving average of $7,736.86 and a two-hundred day moving average of $6,966.46. The company has a market capitalization of $24.72 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the company earned $99.89 earnings per share. NVR’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that NVR will post 502.66 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction that occurred 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 directly owns 230 shares in the company, valued at approximately $1,751,450. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction that occurred 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 directly owns 230 shares in the company, valued at approximately $1,751,450. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last three months, insiders sold 7,981 shares of company stock worth $59,155,947. 7.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVR

Several large investors have recently added to or reduced their stakes in NVR. First Pacific Financial bought a new position in NVR during the third quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NVR during the fourth quarter worth $35,000. Criterion Capital Advisors LLC bought a new position in NVR during the fourth quarter worth $42,000. Allworth Financial LP lifted its stake in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the last quarter. Finally, USA Financial Formulas bought a new position in NVR during the fourth quarter worth $63,000. 83.67% of the stock is currently owned by institutional investors.

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.