NVR (NYSE:NVR) Upgraded at StockNews.com

StockNews.com upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research report released on Wednesday morning.

Separately, UBS Group lifted their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a neutral rating in a research note on Wednesday.

NVR Price Performance

NVR stock opened at $7,647.04 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 firm has a market cap of $24.47 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 3.21 and a beta of 1.13. The company’s 50 day moving average is $7,741.99 and its two-hundred day moving average is $6,982.80.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $99.89 earnings per share. On average, research analysts expect that NVR will post 494.66 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of NVR stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred 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 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. Over the last three months, insiders 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

A number of hedge funds and other institutional investors have recently modified their holdings of NVR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NVR by 9.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 580 shares of the construction company’s stock worth $4,698,000 after purchasing an additional 51 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in NVR by 3.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 944 shares of the construction company’s stock worth $7,646,000 after buying an additional 30 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in NVR by 2.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 312 shares of the construction company’s stock worth $2,527,000 after buying an additional 7 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in shares of NVR by 27.2% in the first quarter. Leavell Investment Management Inc. now owns 192 shares of the construction company’s stock worth $1,555,000 after acquiring an additional 41 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of NVR by 0.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,123 shares of the construction company’s stock valued at $9,096,000 after acquiring an additional 3 shares in the last quarter. 83.67% of the stock is currently 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.