NVR (NYSE:NVR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

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

NVR Stock Down 1.0 %

NYSE NVR opened at $7,647.04 on Wednesday. The stock has a fifty day moving average of $7,741.99 and a 200-day moving average of $6,976.75. The stock has a market capitalization of $24.47 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. NVR has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.90 and a current ratio of 6.52.

NVR (NYSE:NVR) last released its 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 company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $99.89 EPS. On average, equities research analysts forecast that NVR will post 502.66 EPS for the current year.

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

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVR news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the transaction, the chairman now directly owns 106,860 shares in the company, valued at $813,314,665.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $59,155,947 over the last three months. Company insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock worth $2,137,259,000 after acquiring an additional 7,516 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after acquiring an additional 237,977 shares in the last quarter. Invesco Ltd. lifted its holdings in NVR by 11.2% during the third quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after acquiring an additional 4,468 shares in the last quarter. Smead Capital Management Inc. lifted its holdings in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after acquiring an additional 277 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of NVR by 11.4% in the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company’s stock valued at $229,694,000 after purchasing an additional 3,943 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

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.