NVR (NYSE:NVR) Hits New 52-Week High at $8,695.00

NVR, Inc. (NYSE:NVR) hit a new 52-week high on Wednesday . The company traded as high as $8,695.00 and last traded at $8,560.83, with a volume of 362 shares trading hands. The stock had previously closed at $8,599.92.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. 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 note on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Stock Down 2.0 %

The firm’s fifty day simple moving average is $7,698.08 and its 200 day simple moving average is $7,604.13. 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 $26.38 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 3.59 and a beta of 1.17.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $99.89 EPS. Sell-side analysts predict that NVR, Inc. will post 494.69 earnings per share for the current year.

NVR declared that its board has initiated a stock buyback program on Tuesday, May 7th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director David A. Preiser sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 239 shares in the company, valued at $1,813,104.19. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the sale, the chairman now directly owns 106,860 shares in the company, valued at approximately $819,661,081.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Preiser sold 500 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at $1,813,104.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,600 shares of company stock worth $12,233,609. 7.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NVR. International Assets Investment Management LLC increased its holdings in shares of 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 acquiring an additional 237,977 shares during the period. Norges Bank purchased a new stake in shares of NVR in the fourth quarter valued at about $246,031,000. Acadian Asset Management LLC boosted its stake in shares of NVR by 321.1% during the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after buying an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of NVR by 98.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after buying an additional 8,684 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in NVR by 108.3% in the 1st quarter. Russell Investments Group Ltd. now owns 12,147 shares of the construction company’s stock valued at $98,215,000 after acquiring an additional 6,315 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.