NVR (NYSE:NVR) Price Target Raised to $8,175.00 at UBS Group

NVR (NYSE:NVR) had its price objective upped by UBS Group from $7,600.00 to $8,175.00 in a research note released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

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

NVR Trading Down 0.5 %

Shares of NVR stock opened at $7,798.28 on Wednesday. The business’s fifty day moving average price is $7,733.16 and its 200 day moving average price is $6,961.16. NVR has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The firm has a market capitalization of $24.95 billion, a PE ratio of 16.25, a P/E/G ratio of 2.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90.

NVR (NYSE:NVR) last announced 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. NVR had a return on equity of 38.81% and a net margin of 17.33%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the company posted $99.89 earnings per share. NVR’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that NVR will post 499.45 EPS for the current fiscal year.

NVR announced that its board 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 reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In related news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Paul C. Saville sold 250 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,684,750. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock valued at $59,155,947. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Several large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted 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 during the period. Leavell Investment Management Inc. lifted its position in NVR by 27.2% during the first quarter. Leavell Investment Management Inc. now owns 192 shares of the construction company’s stock worth $1,555,000 after buying an additional 41 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in NVR by 0.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,123 shares of the construction company’s stock worth $9,096,000 after buying an additional 3 shares during the period. Drive Wealth Management LLC purchased a new position in NVR during the first quarter worth about $211,000. Finally, Lakewood Asset Management LLC lifted its stake in shares of NVR by 1.4% in the 1st quarter. Lakewood Asset Management LLC now owns 437 shares of the construction company’s stock valued at $3,540,000 after purchasing an additional 6 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other 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.