NVR (NVR) Price Target Raised to $3,750.00 at UBS Group

NVR (NYSE:NVR) had its target price boosted by investment analysts at UBS Group from $3,450.00 to $3,750.00 in a report released on Wednesday, 99wallstreet.com reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s target price would indicate a potential upside of 3.87% from the company’s current price.

A number of other brokerages also recently commented on NVR. Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a report on Friday, October 20th. ValuEngine downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price target for the company in a report on Tuesday, October 24th. Finally, Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $3,186.75.

NVR (NVR) opened at $3,610.23 on Wednesday. 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 1-year low of $1,662.30 and a 1-year high of $3,695.00. The company has a market cap of $13,500.00, a PE ratio of 26.51, a P/E/G ratio of 1.02 and a beta of 0.75.

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 Zacks’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $28.46 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. research analysts expect that NVR will post 147.66 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In other NVR news, Director Timothy M. Donahue sold 326 shares of the firm’s 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 sale, the director now owns 844 shares of the company’s stock, valued at $2,757,238.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William A. Moran sold 4,949 shares of the firm’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 completion of the sale, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $85,089,009.15. The disclosure for this sale can be found here. 11.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pictet Asset Management Ltd. increased its position in shares of NVR by 37.3% during the third quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock worth $4,311,000 after acquiring an additional 410 shares during the period. Macquarie Group Ltd. increased its position in shares of NVR by 48.0% during the third quarter. Macquarie Group Ltd. now owns 370 shares of the construction company’s stock worth $1,057,000 after acquiring an additional 120 shares during the period. PNC Financial Services Group Inc. increased its position in shares of NVR by 208.6% during the second quarter. PNC Financial Services Group Inc. now owns 216 shares of the construction company’s stock worth $521,000 after acquiring an additional 146 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of NVR by 14.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,290 shares of the construction company’s stock worth $3,683,000 after acquiring an additional 165 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in shares of NVR by 40.0% during the second quarter. Coldstream Capital Management Inc. now owns 140 shares of the construction company’s stock worth $337,000 after acquiring an additional 40 shares during the period. 78.36% of the stock is owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for NVR (NYSE:NVR)

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