NVR (NYSE:NVR) Sets New 12-Month Low – Should You Sell?

NVR, Inc. (NYSE:NVR) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $7,025.74 and last traded at $7,054.63, with a volume of 517 shares trading hands. The stock had previously closed at $7,094.80.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVR. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Up 3.8 %

The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.91 billion, a P/E ratio of 14.44, a PEG ratio of 2.39 and a beta of 1.20. The company’s 50 day moving average price is $7,907.73 and its two-hundred day moving average price is $8,759.70.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NVR

Hedge funds have recently made changes to their positions in the business. Amiral Gestion purchased a new position in NVR in the 4th quarter worth approximately $5,897,000. Toronto Dominion Bank raised its position in shares of NVR by 48.5% during the fourth quarter. Toronto Dominion Bank now owns 1,638 shares of the construction company’s stock valued at $13,394,000 after buying an additional 535 shares during the last quarter. GTS Securities LLC lifted its holdings in shares of NVR by 131.1% in the fourth quarter. GTS Securities LLC now owns 104 shares of the construction company’s stock worth $851,000 after buying an additional 59 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of NVR by 105.7% during the fourth quarter. Vise Technologies Inc. now owns 109 shares of the construction company’s stock worth $892,000 after acquiring an additional 56 shares during the last quarter. Finally, JDM Financial Group LLC purchased a new position in NVR during the fourth quarter valued at $25,000. Institutional investors own 83.67% of the company’s stock.

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.