NVR (NYSE:NVR) Given New $8,750.00 Price Target at UBS Group

NVR (NYSE:NVR) had its target price reduced by UBS Group from $9,450.00 to $8,750.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other research firms also recently commented on NVR. Bank of America decreased their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. reduced their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9,531.67.

NVR Stock Up 1.1 %

NVR opened at $7,985.48 on Wednesday. The company has a market cap of $24.47 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.84 and a beta of 1.20. The business’s 50-day moving average price is $8,763.57 and its 200-day moving average price is $8,825.13. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR has a 12 month low of $6,800.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $125.26 EPS. On average, equities analysts expect that NVR will post 494.48 EPS for the current year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 208 shares in the company, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by corporate insiders.

Institutional Trading of NVR

Hedge funds have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV boosted its position in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares in the last quarter. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. bought a new stake in shares of NVR in the 3rd quarter worth approximately $39,000. Private Trust Co. NA boosted its position in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth approximately $49,000. 83.67% of the stock is owned by institutional investors.

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.