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

NVR (NYSE:NVR) had its target price upped by analysts at UBS Group from $7,600.00 to $8,175.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 5.83% 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 Performance

Shares of NYSE NVR opened at $7,725.00 on Wednesday. The company has a quick ratio of 3.90, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $7,736.86 and its two-hundred day moving average is $6,966.46. The company has a market cap of $24.72 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.82 and a beta of 1.13. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,211.40.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 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 the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $99.89 EPS. On average, equities analysts expect that NVR will post 502.66 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVR

In related news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,684,750. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock valued at $59,155,947 in the last 90 days. 7.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently bought and sold shares of the business. First Pacific Financial acquired a new position in NVR in the third quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the fourth quarter worth $35,000. Criterion Capital Advisors LLC acquired a new position in NVR in the fourth quarter worth $42,000. Allworth Financial LP boosted its stake in NVR by 100.0% in the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in NVR in the fourth quarter worth $63,000. 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.