UBS Group Cuts NVR (NYSE:NVR) Price Target to $8,750.00

NVR (NYSE:NVR) had its price objective dropped by stock analysts at UBS Group from $9,450.00 to $8,750.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s price target would suggest a potential upside of 10.73% from the company’s current price.

A number of other research firms have also recently weighed in on NVR. Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9,531.67.

NVR Stock Performance

Shares of NYSE NVR traded up $5.00 during trading hours on Wednesday, reaching $7,902.00. The stock had a trading volume of 361 shares, compared to its average volume of 29,950. The firm has a 50-day moving average of $8,785.34 and a 200-day moving average of $8,831.05. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.84 and a beta of 1.20. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $125.26 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that NVR will post 494.48 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last 90 days. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

Several institutional investors have recently bought and sold shares of NVR. Pensionfund Sabic lifted its holdings in shares of NVR by 40.0% during the 4th quarter. Pensionfund Sabic now owns 175 shares of the construction company’s stock valued at $1,431,000 after acquiring an additional 50 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of NVR by 8.7% in the fourth quarter. Nordea Investment Management AB now owns 262 shares of the construction company’s stock valued at $2,158,000 after buying an additional 21 shares in the last quarter. Everence Capital Management Inc. acquired a new position in NVR during the 4th quarter worth approximately $409,000. GAMMA Investing LLC boosted its holdings in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after acquiring an additional 2 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after purchasing an additional 2,206 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other 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.