NVR (NYSE:NVR) PT Raised to $9,450.00 at UBS Group

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

NVR Stock Performance

Shares of NVR stock opened at $9,411.06 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84. NVR has a fifty-two week low of $5,210.49 and a fifty-two week high of $9,964.77. The stock has a 50 day moving average price of $9,370.73 and a two-hundred day moving average price of $8,367.77. The company has a market capitalization of $28.99 billion, a P/E ratio of 19.45, a PEG ratio of 2.61 and a beta of 1.19.

NVR (NYSE:NVR) last issued 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). NVR had a net margin of 16.83% and a return on equity of 38.51%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the company posted $125.26 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Analysts expect that NVR will post 500.67 earnings per share for the current year.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alfred E. Festa sold 148 shares of the company’s 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 value 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 disclosure for this sale can be found here. Insiders sold a total of 648 shares of company stock worth $5,547,709 over the last quarter. 7.00% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in NVR by 0.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 418 shares of the construction company’s stock worth $3,389,000 after purchasing an additional 2 shares during the period. Smith Group Asset Management LLC grew its stake in shares of 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 last quarter. Valued Wealth Advisors LLC grew its stake in shares of 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 last quarter. Team Hewins LLC increased its holdings in shares of NVR by 5.0% during the first quarter. Team Hewins LLC now owns 42 shares of the construction company’s stock valued at $340,000 after acquiring an additional 2 shares in the last quarter. Finally, Empirical Finance LLC raised its position in shares of NVR by 1.1% in the 1st quarter. Empirical Finance LLC now owns 181 shares of the construction company’s stock worth $1,466,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other 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.