NVR (NVR) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research note published on Sunday.

NVR has been the topic of several other research reports. Zelman & Associates raised NVR from a hold rating to a buy rating in a research note on Friday, October 20th. Zacks Investment Research lowered NVR from a buy rating to a hold rating in a research note on Monday, September 25th. UBS Group initiated coverage on NVR in a research note on Wednesday, October 25th. They set a neutral rating and a $3,450.00 target price on the stock. Wells Fargo & Co reissued a market perform rating on shares of NVR in a research note on Friday, October 20th. Finally, MKM Partners reissued a neutral rating on shares of NVR in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $3,111.75.

NVR (NYSE NVR) traded up $33.22 during midday trading on Friday, reaching $3,562.83. The company’s stock had a trading volume of 27,000 shares, compared to its average volume of 39,950. The firm has a market capitalization of $13,170.00, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.20 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.60 and a quick ratio of 1.44. NVR has a one year low of $1,645.03 and a one year high of $3,599.70.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $35.77 by $2.25. NVR had a return on equity of 38.23% and a net margin of 9.22%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $28.46 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts predict that NVR will post 147.66 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other NVR news, Director William A. Moran sold 4,949 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the sale, the director now owns 26,085 shares in the company, valued at approximately $85,089,009.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Donahue sold 326 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the completion of the transaction, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The disclosure for this sale can be found here. 11.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of NVR in the 2nd quarter valued at about $104,000. Advisor Group Inc. increased its holdings in shares of NVR by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after acquiring an additional 10 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of NVR in the 3rd quarter valued at about $217,000. Highstreet Asset Management Inc. purchased a new position in shares of NVR in the 3rd quarter valued at about $228,000. Finally, Bridgewater Associates LP purchased a new position in shares of NVR in the 2nd quarter valued at about $239,000. Institutional investors and hedge funds own 78.30% of the company’s stock.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NVR (NYSE:NVR)

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