NVR (NYSE:NVR) Hits New 12-Month High at $8,215.75

NVR, Inc. (NYSE:NVR)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $8,215.75 and last traded at $8,140.96, with a volume of 1681 shares traded. The stock had previously closed at $8,069.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NVR shares. UBS Group increased their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Price Performance

The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The company has a market cap of $25.65 billion, a PE ratio of 16.82, a P/E/G ratio of 3.17 and a beta of 1.17. The firm has a 50 day moving average of $7,577.59 and a two-hundred day moving average of $7,517.62.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $99.89 EPS. Research analysts predict that NVR, Inc. will post 493.93 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 7th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director David A. Preiser sold 500 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director William Grady Rosier sold 600 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 500 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the transaction, the director now directly owns 239 shares in the company, valued at $1,813,104.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,600 shares of company stock worth $12,233,609. Insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of institutional investors have recently bought and sold shares of NVR. International Assets Investment Management LLC raised 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 worth $1,666,212,000 after purchasing an additional 237,977 shares during the period. Norges Bank bought a new position in NVR in the 4th quarter worth $246,031,000. Acadian Asset Management LLC raised its holdings in NVR by 321.1% in the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after purchasing an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after purchasing an additional 8,684 shares during the period. Finally, Vanguard Group Inc. raised its holdings in NVR by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after purchasing an additional 7,516 shares during the period. 83.67% of the stock is 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.