NVR (NYSE:NVR) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, UBS Group increased their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a neutral rating in a report on Wednesday.

NVR Price Performance

Shares of NYSE NVR opened at $7,647.04 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90. The stock has a fifty day moving average price of $7,741.99 and a 200 day moving average price of $6,976.75. NVR has a 1-year low of $5,210.49 and a 1-year high of $8,211.40. The company has a market cap of $24.47 billion, a PE ratio of 15.94, a P/E/G ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last issued 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 38.54% and a net margin of 17.33%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the company earned $99.89 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that NVR will post 502.66 EPS for the current year.

NVR declared that its board has initiated a stock buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in 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 usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 250 shares of the stock in a transaction on Tuesday, February 13th. The stock was 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 owns 405 shares in the company, valued at $2,974,700.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,684,750. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction on 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 owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,981 shares of company stock worth $59,155,947. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC increased its position in shares of NVR by 5.7% in the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock valued at $221,000 after buying an additional 2 shares in the last quarter. Greenleaf Trust increased its position in shares of NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after buying an additional 2 shares in the last quarter. PYA Waltman Capital LLC boosted its stake in shares of NVR by 0.5% during the fourth quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after acquiring an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of NVR by 0.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after acquiring an additional 2 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of NVR by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock valued at $1,498,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors 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.