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

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

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

NVR Stock Down 0.5 %

Shares of NVR stock opened at $7,798.28 on Wednesday. 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 has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The firm’s 50-day moving average is $7,733.16 and its two-hundred day moving average is $6,961.16. The stock has a market cap of $24.95 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.85 and a beta of 1.13.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.81%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $99.89 EPS. As a group, research analysts expect that NVR will post 499.45 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 100 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction on Monday, February 26th. The shares were sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the sale, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $59,155,947 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVR

Institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in NVR by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 312 shares of the construction company’s stock valued at $2,527,000 after purchasing an additional 7 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in NVR by 27.2% in the 1st quarter. Leavell Investment Management Inc. now owns 192 shares of the construction company’s stock valued at $1,555,000 after purchasing an additional 41 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in NVR by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,123 shares of the construction company’s stock valued at $9,096,000 after purchasing an additional 3 shares in the last quarter. Drive Wealth Management LLC purchased a new position in NVR in the 1st quarter valued at $211,000. Finally, Lakewood Asset Management LLC lifted its holdings in 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. 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.