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

NVR (NYSE:NVR - Free Report) had its target price boosted by UBS Group from $7,600.00 to $8,175.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the construction company's stock.

Separately, StockNews.com downgraded NVR from a buy rating to a hold rating in a report on Thursday, February 15th.

NVR Stock Performance

NVR stock traded down $36.83 during midday trading on Wednesday, reaching $7,798.28. 12,592 shares of the company were exchanged, compared to its average volume of 18,964. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. The business has a 50-day moving average price of $7,727.23 and a two-hundred day moving average price of $6,955.26. NVR has a one year low of $5,210.49 and a one year high of $8,211.40. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts' consensus estimates of $103.97 by $12.44. NVR had a net margin of 17.09% and a return on equity of 38.50%. The firm had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.25 billion. During the same period in the previous year, the business posted $99.89 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that NVR will post 499.45 EPS for the current year.

NVR declared that its board has approved a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NVR. International Assets Investment Management LLC lifted its holdings in shares of NVR by 626,255.3% in the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock worth $1,666,212,000 after acquiring an additional 237,977 shares during the last quarter. Norges Bank bought a new position in shares of NVR in the fourth quarter worth about $246,031,000. Artisan Partners Limited Partnership bought a new position in shares of NVR in the third quarter worth about $62,370,000. Vanguard Group Inc. lifted its holdings in shares of NVR by 2.1% in the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock worth $2,137,259,000 after acquiring an additional 7,516 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of NVR by 25.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company's stock worth $194,045,000 after acquiring an additional 5,549 shares during the last quarter. Institutional investors 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.