UBS Group Issues Positive Forecast for NVR (NYSE:NVR) Stock Price

NVR (NYSE:NVR - Get Free Report) had its price target hoisted by analysts at UBS Group from $7,900.00 to $8,150.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the construction company's stock. UBS Group's target price indicates a potential upside of 4.80% from the company's current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Performance

Shares of NVR stock traded down $123.15 during trading hours on Thursday, reaching $7,776.69. The company had a trading volume of 9,589 shares, compared to its average volume of 23,876. The business has a fifty day moving average price of $7,309.11 and a 200-day moving average price of $7,391.97. NVR has a one year low of $6,562.85 and a one year high of $9,964.77. The firm has a market cap of $22.71 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 8.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. NVR had a net margin of 15.33% and a return on equity of 38.32%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business posted $120.69 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that NVR will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Institutional Trading of NVR

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after acquiring an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH raised its stake in NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Jones Financial Companies Lllp raised its stake in NVR by 217,591.3% during the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock valued at $3,758,000 after purchasing an additional 50,046 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in NVR by 9,358.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company's stock valued at $356,277,000 after purchasing an additional 47,729 shares in the last quarter. Finally, Nuveen LLC bought a new position in NVR during the first quarter valued at $334,981,000. 83.67% of the stock is currently 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.

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