UBS Group Lowers NVR (NYSE:NVR) Price Target to $8,750.00

NVR (NYSE:NVR) had its price objective decreased by analysts at UBS Group from $9,450.00 to $8,750.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective suggests a potential upside of 10.73% from the stock’s previous close.

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

NVR Stock Performance

Shares of NYSE NVR traded up $5.00 during midday trading on Wednesday, hitting $7,902.00. 361 shares of the company’s stock were exchanged, compared to its average volume of 29,950. NVR has a twelve month low of $6,800.00 and a twelve month high of $9,964.77. The firm has a market cap of $24.21 billion, a P/E ratio of 16.15, a PEG ratio of 1.84 and a beta of 1.20. The stock’s 50 day moving average price is $8,785.34 and its 200-day moving average price is $8,831.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $125.26 EPS. Equities research analysts anticipate that NVR will post 494.48 EPS for the current year.

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

Insiders Place Their Bets

In other news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction 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 directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 over the last quarter. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after buying an additional 363,004 shares during the period. Jennison Associates LLC acquired a new position in shares of NVR in the third quarter valued at $348,545,000. Mizuho Securities USA LLC lifted its position in NVR by 6,454.8% in the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after purchasing an additional 16,266 shares during the period. Epoch Investment Partners Inc. boosted its stake in NVR by 56.0% during the second quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock worth $172,109,000 after buying an additional 8,140 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after buying an additional 6,363 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.