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

NVR (NYSE:NVR) had its target price upped by stock analysts at UBS Group from $7,600.00 to $8,175.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. UBS Group’s price target points to a potential upside of 5.06% from the company’s previous close.

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

NVR Stock Down 0.7 %

Shares of NVR stock traded down $53.70 during mid-day trading on Wednesday, hitting $7,781.41. The company’s stock had a trading volume of 4,154 shares, compared to its average volume of 18,852. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The stock has a market cap of $24.90 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 2.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.10. The business has a 50-day moving average price of $7,727.23 and a 200 day moving average price of $6,955.26.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the firm earned $99.89 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts predict that NVR will post 499.45 EPS for the current fiscal year.

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

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. In related news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now owns 13,209 shares in the company, valued at approximately $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock worth $59,155,947 in the last 90 days. 7.00% of the stock is owned by company insiders.

Institutional Trading of NVR

A number of institutional investors and hedge funds have recently made changes to their positions in NVR. First Pacific Financial bought a new stake in NVR during the 3rd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR during the 4th quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new stake in NVR during the fourth quarter valued at about $42,000. Allworth Financial LP grew its stake in shares of NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares during the period. Finally, USA Financial Formulas purchased a new stake in NVR in the fourth quarter valued at $63,000. 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.