NVR (NYSE:NVR) had its price objective increased by UBS Group from $3,450.00 to $3,750.00 in a report published on Wednesday, 99wallstreet.com reports. The firm currently has a neutral rating on the construction company’s stock.
NVR has been the subject of several other research reports. Zelman & Associates raised shares of NVR from a hold rating to a buy rating in a report on Friday, October 20th. Zacks Investment Research downgraded shares of NVR from a buy rating to a hold rating in a report on Monday, September 25th. ValuEngine downgraded shares of NVR from a buy rating to a hold rating in a report on Friday, October 20th. Finally, Wells Fargo & Co reissued a market perform rating on shares of NVR in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $3,186.75.
NVR (NYSE:NVR) traded down $36.46 on Wednesday, hitting $3,610.23. 24,243 shares of the company’s stock traded hands, compared to its average volume of 30,434. NVR has a twelve month low of $1,662.30 and a twelve month high of $3,695.00. The company has a market cap of $13,500.00, a P/E ratio of 26.51, a PEG ratio of 1.02 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.60 and a quick ratio of 1.44.
NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, October 19th. The construction company reported $38.02 EPS for the quarter, beating the consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $28.46 EPS. The business’s revenue was up 8.5% on a year-over-year basis. analysts forecast that NVR will post 147.66 earnings per share for the current year.
NVR declared that its board has approved a stock repurchase plan on Tuesday, December 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
In related news, Director William A. Moran sold 4,949 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the completion of the transaction, the director now owns 26,085 shares of the company’s stock, valued at approximately $85,089,009.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy M. Donahue sold 326 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the completion of the transaction, the director now directly owns 844 shares of the company’s stock, valued at approximately $2,757,238.28. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank bought a new position in shares of NVR in the 2nd quarter valued at about $104,000. Independent Advisor Alliance bought a new position in shares of NVR in the 3rd quarter valued at about $217,000. Highstreet Asset Management Inc. bought a new position in shares of NVR in the 3rd quarter valued at about $228,000. Advisor Group Inc. lifted its holdings in shares of NVR by 13.9% in the 2nd quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after acquiring an additional 10 shares during the last quarter. Finally, Charter Trust Co. bought a new position in shares of NVR in the 4th quarter valued at about $323,000. 78.36% of the stock is owned by hedge funds and other institutional investors.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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