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

NVR (NYSE:NVR) had its price objective trimmed by UBS Group from $9,450.00 to $8,750.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

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

NVR Stock Performance

Shares of NVR stock opened at $7,985.48 on Wednesday. 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 50 day moving average price of $8,763.57 and a 200-day moving average price of $8,825.13. NVR has a 52 week low of $6,800.00 and a 52 week high of $9,964.77. The firm has a market capitalization of $24.47 billion, a PE ratio of 16.32, a P/E/G ratio of 1.84 and a beta of 1.20.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company 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% on a year-over-year basis. During the same period last year, the firm posted $125.26 EPS. As a group, equities research analysts expect that NVR will post 494.48 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775 shares of company stock valued at $7,294,073. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

Institutional investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV lifted its position in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after purchasing an additional 2 shares during the last quarter. Blue Trust Inc. bought a new position in NVR during the third quarter valued at $39,000. Rakuten Securities Inc. bought a new position in NVR during the third quarter valued at $39,000. Private Trust Co. NA lifted its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in NVR during the third quarter valued at $49,000. 83.67% of the stock is owned by hedge funds and other 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.