NVR (NYSE:NVR) Stock Price Expected to Rise, UBS Group Analyst Says

NVR (NYSE:NVR) had its target price lifted by UBS Group from $8,750.00 to $8,900.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

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

NVR Price Performance

NVR stock opened at $7,999.06 on Wednesday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $8,439.94 and a 200 day moving average price of $8,880.95. NVR has a 12-month low of $7,018.03 and a 12-month high of $9,964.77. The stock has a market cap of $24.48 billion, a P/E ratio of 15.76, a PEG ratio of 2.34 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Sell-side analysts anticipate that NVR will post 521.74 earnings per share for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NVR. Public Sector Pension Investment Board boosted 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 valued at $835,000 after buying an additional 38 shares during the period. Squarepoint Ops LLC lifted its stake in NVR by 298.9% in the second quarter. Squarepoint Ops LLC now owns 347 shares of the construction company’s stock worth $2,633,000 after acquiring an additional 260 shares during the last quarter. Susquehanna International Group LLP lifted its stake 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 last quarter. Creative Planning grew its holdings in 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 in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of NVR by 44.9% in the 2nd quarter. Cetera Investment Advisers now owns 284 shares of the construction company’s stock valued at $2,155,000 after purchasing an additional 88 shares during the last quarter. 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.