NVR (NYSE:NVR) Hits New 12-Month Low – What’s Next?

NVR, Inc. (NYSE:NVR) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6,900.00 and last traded at $7,146.85, with a volume of 94 shares traded. The stock had previously closed at $7,109.99.

Analysts Set New Price Targets

NVR has been the topic of a number of research reports. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Up 4.3 %

The company’s fifty day moving average is $7,407.03 and its two-hundred day moving average is $8,419.69. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVR

Large investors have recently bought and sold shares of the stock. JDM Financial Group LLC purchased a new stake in shares of NVR in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in NVR during the third quarter worth approximately $49,000. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after buying an additional 3 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NVR in the third quarter valued at approximately $59,000. Finally, Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.