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

StockNews.com upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, UBS Group upped their price target on NVR from $7,600.00 to $8,175.00 and gave the company a neutral rating in a report on Wednesday.

NVR Trading Down 0.5 %

NVR stock opened at $7,798.28 on Wednesday. The business has a 50 day moving average price of $7,733.16 and a two-hundred day moving average price of $6,961.16. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,211.40.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $99.89 EPS. As a group, equities analysts forecast that NVR will post 499.45 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $7,344.94, for a total transaction of $1,836,235.00. Following the completion of the sale, the director now directly owns 405 shares of the company’s stock, valued at approximately $2,974,700.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value 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 $95,802,631.47. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NVR

A number of hedge funds and other institutional investors have recently bought and sold shares of NVR. AE Wealth Management LLC boosted its position in NVR by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock valued at $221,000 after buying an additional 2 shares during the last quarter. Greenleaf Trust boosted its position in NVR by 4.9% in the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after buying an additional 2 shares during the last quarter. PYA Waltman Capital LLC boosted its position in NVR by 0.5% in the 4th quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after buying an additional 2 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in NVR by 0.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after buying an additional 2 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in NVR by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock valued at $1,498,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

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.