UBS Group Boosts NVR (NYSE:NVR) Price Target to $8,900.00

NVR (NYSE:NVR) had its target price increased by UBS Group from $8,750.00 to $8,900.00 in a report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut 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 research note on Wednesday. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, Bank of America cut their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 1.0 %

Shares of NVR opened at $7,983.06 on Wednesday. The stock has a market cap of $24.43 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.67 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR has a 12 month low of $7,018.03 and a 12 month high of $9,964.77. The company has a 50-day moving average price of $8,477.09 and a two-hundred day moving average price of $8,886.61.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) 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%. Equities analysts predict that NVR will post 494.48 EPS for the current fiscal year.

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

Insider Activity at NVR

In related 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This 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 company insiders.

Institutional Trading of NVR

A number of institutional investors have recently bought and sold shares of NVR. Public Sector Pension Investment Board grew its holdings 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 grew its holdings in shares of NVR by 298.9% in the 2nd 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 period. Susquehanna International Group LLP grew its holdings in shares of NVR by 24.4% in the 2nd quarter. Susquehanna International Group LLP now owns 1,442 shares of the construction company’s stock valued at $10,943,000 after buying an additional 283 shares during the period. Creative Planning grew its holdings in shares of NVR by 2.3% in the 2nd quarter. Creative Planning now owns 892 shares of the construction company’s stock valued at $6,767,000 after buying an additional 20 shares during the period. Finally, Cetera Investment Advisers grew its holdings 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 buying an additional 88 shares during the period. 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.