NVR (NYSE:NVR) Price Target Raised to $8,900.00

NVR (NYSE:NVR) had its target price increased by equities research analysts at UBS Group from $8,750.00 to $8,900.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective suggests a potential upside of 9.31% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Up 2.2 %

Shares of NVR stock opened at $8,141.64 on Wednesday. NVR has a 1 year low of $7,018.03 and a 1 year high of $9,964.77. The firm has a market cap of $24.91 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.67 and a beta of 1.20. The company has a 50-day moving average of $8,460.11 and a 200 day moving average of $8,881.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.51% and a return on equity of 38.20%. As a group, sell-side analysts anticipate that NVR will post 494.48 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in shares of NVR by 52.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 110 shares of the construction company’s stock worth $835,000 after purchasing an additional 38 shares during the period. Squarepoint Ops LLC increased its holdings in NVR by 298.9% during the second quarter. Squarepoint Ops LLC now owns 347 shares of the construction company’s stock valued at $2,633,000 after buying an additional 260 shares during the last quarter. Susquehanna International Group LLP raised its position in NVR by 24.4% in the second quarter. Susquehanna International Group LLP now owns 1,442 shares of the construction company’s stock worth $10,943,000 after acquiring an additional 283 shares during the period. Creative Planning boosted its stake in shares of NVR by 2.3% during the 2nd quarter. Creative Planning now owns 892 shares of the construction company’s stock worth $6,767,000 after acquiring an additional 20 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of NVR by 44.9% during the 2nd quarter. Cetera Investment Advisers now owns 284 shares of the construction company’s stock worth $2,155,000 after acquiring an additional 88 shares during the last quarter. 83.67% of the stock is 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.