UBS Group Raises NVR (NYSE:NVR) Price Target to $9,450.00

NVR (NYSE:NVR) had its price target hoisted by research analysts at UBS Group from $8,450.00 to $9,450.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 0.28% from the stock’s current price.

NVR Trading Down 0.2 %

Shares of NYSE:NVR traded down $15.11 during midday trading on Wednesday, reaching $9,423.24. The company’s stock had a trading volume of 3,373 shares, compared to its average volume of 19,198. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.61 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. The firm has a 50 day moving average price of $9,353.94 and a two-hundred day moving average price of $8,360.43. NVR has a fifty-two week low of $5,210.49 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $125.26 earnings per share. As a group, analysts forecast that NVR will post 500.67 earnings per share for the current year.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 175 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total transaction of $1,513,750.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,989,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Matthew B. Kelpy sold 175 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,650.00, for a total value of $1,513,750.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,989,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the completion of the sale, the director now directly owns 391 shares of the company’s stock, valued at approximately $3,325,810.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 648 shares of company stock valued at $5,547,709 in the last ninety days. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On NVR

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock valued at $44,791,000 after acquiring an additional 71 shares in the last quarter. Assenagon Asset Management S.A. increased its position in NVR by 3,377.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock worth $19,002,000 after buying an additional 2,432 shares during the last quarter. Sei Investments Co. increased its position in NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after buying an additional 1,254 shares during the last quarter. Swedbank AB purchased a new stake in NVR in the first quarter worth $931,000. Finally, Jane Street Group LLC increased its position in NVR by 1,285.4% in the first quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock worth $4,601,000 after buying an additional 527 shares during the last quarter. 83.67% of the stock is owned by 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.