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

NVR (NYSE:NVR) had its price target upped by UBS Group from $8,450.00 to $9,450.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

NVR Stock Down 1.3 %

NYSE NVR opened at $9,329.74 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $9,401.06 and a two-hundred day moving average of $8,385.46. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.32 and a beta of 1.19. NVR has a 52 week low of $5,326.16 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS 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 analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.18% and a net margin of 16.51%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $125.26 earnings per share. On average, analysts predict that NVR will post 500.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Alfred E. Festa sold 148 shares of the business’s stock in a transaction on Monday, July 29th. The shares were 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 directly owns 173 shares of the company’s stock, valued at approximately $1,485,369.35. 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 this link. In other news, Director Alfred E. Festa sold 148 shares of the business’s stock in a transaction on Monday, July 29th. The shares were 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 directly owns 173 shares of the company’s stock, valued at approximately $1,485,369.35. 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 this link. Also, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction 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 directly owns 230 shares of the company’s stock, valued at $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Institutional Trading of NVR

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of NVR by 0.5% during the first 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 period. Smith Group Asset Management LLC lifted its stake in NVR by 1.0% in the first quarter. Smith Group Asset Management LLC now owns 212 shares of the construction company’s stock worth $1,717,000 after acquiring an additional 2 shares during the period. Valued Wealth Advisors LLC lifted its stake in NVR by 100.0% in the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after acquiring an additional 2 shares during the period. Team Hewins LLC lifted its stake in NVR by 5.0% in the first quarter. Team Hewins LLC now owns 42 shares of the construction company’s stock worth $340,000 after acquiring an additional 2 shares during the period. Finally, Empirical Finance LLC lifted its stake in NVR by 1.1% in the first quarter. Empirical Finance LLC now owns 181 shares of the construction company’s stock worth $1,466,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other 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.