NVR (NYSE:NVR) Price Target Cut to $8,750.00 by Analysts at UBS Group

NVR (NYSE:NVR) had its price target decreased by UBS Group from $9,450.00 to $8,750.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

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

NVR Stock Down 2.2 %

NVR opened at $7,830.05 on Wednesday. NVR has a 52 week low of $6,800.00 and a 52 week high of $9,964.77. The business has a 50 day moving average price of $8,740.22 and a two-hundred day moving average price of $8,819.30. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $23.99 billion, a PE ratio of 16.01, a P/E/G ratio of 1.84 and a beta of 1.20.

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

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

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction dated 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 sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Hedge funds have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after purchasing an additional 2 shares during the period. IFM Investors Pty Ltd increased its stake in NVR by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock valued at $5,917,000 after purchasing an additional 2 shares during the last quarter. Metis Global Partners LLC lifted its position in NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after buying an additional 2 shares during the period. Finally, Private Trust Co. NA boosted its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the last quarter. Institutional investors and hedge funds 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.