NVR (NYSE:NVR) Upgraded by StockNews.com to "Buy"

NVR (NYSE:NVR - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Wednesday.

Separately, UBS Group lifted their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a "neutral" rating in a research note on Wednesday.

NVR Stock Down 0.5 %

Shares of NVR stock traded down $36.83 during mid-day trading on Wednesday, hitting $7,798.28. 12,592 shares of the stock traded hands, compared to its average volume of 18,964. The stock has a market cap of $24.94 billion, a P/E ratio of 16.83, a P/E/G ratio of 2.84 and a beta of 1.13. 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 stock's fifty day moving average is $7,733.16 and its two-hundred day moving average is $6,961.16. NVR has a 52-week low of $5,210.49 and a 52-week high of $8,211.40.

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

NVR declared that its board has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 100 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company's stock, valued at $1,751,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value 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 filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $59,155,947 in the last three months. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock valued at $1,666,212,000 after buying an additional 237,977 shares during the period. Unison Advisors LLC acquired a new position in NVR during the 4th quarter worth approximately $2,345,000. ING Groep NV lifted its position in NVR by 21.5% during the 3rd quarter. ING Groep NV now owns 3,810 shares of the construction company's stock worth $22,720,000 after acquiring an additional 675 shares in the last quarter. AIA Group Ltd lifted its position in NVR by 15.6% during the 4th quarter. AIA Group Ltd now owns 311 shares of the construction company's stock worth $2,177,000 after acquiring an additional 42 shares in the last quarter. Finally, Fortis Capital Management LLC lifted its position in NVR by 6.8% during the 3rd quarter. Fortis Capital Management LLC now owns 219 shares of the construction company's stock worth $1,307,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

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.

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