NVR (NYSE:NVR) Price Target Increased to $8,175.00 by Analysts at UBS Group

NVR (NYSE:NVR) had its price target raised by UBS Group from $7,600.00 to $8,175.00 in a report released on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

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

NVR Price Performance

Shares of NVR stock opened at $7,647.04 on Wednesday. The firm has a market cap of $24.47 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90. NVR has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The firm has a fifty day moving average of $7,741.99 and a two-hundred day moving average of $6,982.80.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 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 business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the business posted $99.89 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that NVR will post 494.66 earnings per share for the current fiscal year.

NVR announced that its Board of Directors 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 purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In related 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 value of $761,500.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 in the last ninety days. 7.00% of the stock is owned by insiders.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Pacific Financial bought a new stake in shares of NVR during the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR during the 4th quarter worth about $35,000. Criterion Capital Advisors LLC bought a new stake in shares of NVR during the 4th quarter worth about $42,000. Allworth Financial LP raised its position in shares of NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after buying an additional 4 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of NVR during the 4th quarter worth about $63,000. 83.67% of the stock is currently owned by institutional investors.

NVR Company Profile

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.