NVR (NYSE:NVR) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research report released on Wednesday.

Separately, UBS Group boosted their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a neutral rating in a research note on Wednesday.

NVR Stock Performance

Shares of NVR stock opened at $7,798.28 on Wednesday. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21. NVR has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The stock has a market cap of $24.94 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.84 and a beta of 1.13. The company’s fifty day moving average is $7,733.16 and its 200 day moving average is $6,961.16.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a net margin of 17.09% and a return on equity of 38.50%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $99.89 earnings per share. NVR’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that NVR will post 499.45 EPS for the current year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the sale, the chief financial officer now owns 13,209 shares of the company’s stock, valued at $95,802,631.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,751,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Pacific Financial bought a new position in shares of NVR during the 3rd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NVR in the 4th quarter worth about $35,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVR in the 4th quarter worth about $42,000. Allworth Financial LP raised its holdings in shares of NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of NVR in the 4th quarter worth about $63,000. 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.