NVR (NYSE:NVR) Given New $9,450.00 Price Target at UBS Group

NVR (NYSE:NVR) had its price target hoisted by UBS Group from $8,450.00 to $9,450.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the construction company’s stock.

NVR Trading Down 0.3 %

Shares of NVR stock opened at $9,411.06 on Wednesday. The company has a market capitalization of $28.99 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. The stock has a fifty day simple moving average of $9,370.73 and a 200 day simple moving average of $8,367.77. NVR has a 12-month low of $5,210.49 and a 12-month high of $9,964.77. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last announced its earnings results 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 business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $125.26 EPS. On average, sell-side analysts anticipate that NVR will post 500.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alfred E. Festa sold 148 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the sale, the director now owns 173 shares in the company, valued at $1,485,369.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 648 shares of company stock worth $5,547,709 over the last 90 days. Corporate insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the last quarter. Blue Trust Inc. bought a new stake in NVR in the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC purchased a new stake in NVR in the second quarter worth approximately $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in NVR during the second quarter valued at approximately $53,000. Institutional investors 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.