StockNews.com Upgrades NVR (NYSE:NVR) to Buy

NVR (NYSE:NVR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, UBS Group upped their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday.

NVR Stock Down 0.9 %

Shares of NYSE NVR opened at $7,725.00 on Wednesday. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The firm has a fifty day moving average of $7,736.86 and a 200-day moving average of $6,966.46. The stock has a market capitalization of $24.72 billion, a PE ratio of 16.10, a P/E/G ratio of 2.85 and a beta of 1.13. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (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 38.81%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the company earned $99.89 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts anticipate that NVR will post 499.45 EPS for the current year.

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

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the transaction, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other NVR news, Chairman Paul C. Saville sold 500 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $789,916,600.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 250 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now owns 405 shares in the company, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $59,155,947 in the last ninety days. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC raised its stake in shares of NVR by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock valued at $221,000 after purchasing an additional 2 shares in the last quarter. Greenleaf Trust raised its stake in shares of NVR by 4.9% in the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after purchasing an additional 2 shares in the last quarter. PYA Waltman Capital LLC raised its stake in NVR by 0.5% during the fourth quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock worth $2,968,000 after acquiring an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in NVR by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock worth $2,135,000 after acquiring an additional 2 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in NVR by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock worth $1,498,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.