NVR (NYSE:NVR) PT Lowered to $10,600.00 at Bank of America

NVR (NYSE:NVR) had its price target decreased by Bank of America from $10,800.00 to $10,600.00 in a research report released on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

Separately, UBS Group lifted their price target on NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a report on Wednesday.

NVR Stock Performance

NVR opened at $9,329.74 on Wednesday. NVR has a 12-month low of $5,326.16 and a 12-month high of $9,964.77. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.32 and a beta of 1.19. The business has a 50 day moving average of $9,401.06 and a 200-day moving average of $8,388.35. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.18% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $125.26 earnings per share. On average, equities research analysts expect that NVR will post 500.28 earnings per share for the current year.

Insiders Place Their Bets

In other NVR news, Director Alfred E. Festa sold 148 shares of the firm’s stock in a transaction 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 transaction, the director now owns 173 shares in the company, valued at $1,485,369.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alfred E. Festa sold 148 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the transaction, the director now owns 173 shares in the company, valued at approximately $1,485,369.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NVR

A number of hedge funds have recently added to or reduced their stakes in NVR. Park Avenue Securities LLC increased its stake in shares of NVR by 4.8% in the 1st quarter. Park Avenue Securities LLC now owns 66 shares of the construction company’s stock valued at $535,000 after purchasing an additional 3 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of NVR by 0.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock valued at $3,389,000 after purchasing an additional 2 shares during the last quarter. Occidental Asset Management LLC bought a new position in shares of NVR in the 1st quarter valued at $202,000. Alpha Omega Wealth Management LLC bought a new position in shares of NVR in the 1st quarter valued at $202,000. Finally, Strata Wealth Advisors LLC increased its stake in shares of NVR by 21.6% in the 1st quarter. Strata Wealth Advisors LLC now owns 236 shares of the construction company’s stock valued at $1,912,000 after purchasing an additional 42 shares during the last quarter. 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.