NVR (NVR) Price Target Increased to $3,410.00 by Analysts at Buckingham Research

NVR (NYSE:NVR) had its price objective increased by Buckingham Research from $3,030.00 to $3,410.00 in a report issued on Tuesday, April 16th, BenzingaRatingsTable reports. They currently have a buy rating on the construction company’s stock.

Separately, Zacks Investment Research reissued a sell rating on shares of NVR in a research report on Monday, December 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $3,251.17.

NVR stock traded down $16.69 during trading hours on Tuesday, reaching $3,290.79. 19,908 shares of the company were exchanged, compared to its average volume of 25,939. The stock has a market capitalization of $11.88 billion, a P/E ratio of 16.89, a PEG ratio of 1.56 and a beta of 0.72. The company has a quick ratio of 2.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.31. NVR has a 12 month low of $2,040.71 and a 12 month high of $3,335.23.

NVR (NYSE:NVR) last announced its earnings results on Monday, April 22nd. The construction company reported $47.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $34.45 by $13.19. NVR had a return on equity of 46.85% and a net margin of 11.45%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the business earned $39.34 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that NVR will post 198.36 earnings per share for the current year.

NVR declared that its board has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

In other NVR news, insider Robert W. Henley sold 3,224 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $2,666.66, for a total transaction of $8,597,311.84. Following the completion of the transaction, the insider now directly owns 3,224 shares in the company, valued at $8,597,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew B. Kelpy bought 25 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were acquired at an average price of $2,668.58 per share, for a total transaction of $66,714.50. Following the acquisition, the vice president now directly owns 125 shares of the company’s stock, valued at approximately $333,572.50. The disclosure for this purchase can be found here. Insiders have sold 20,009 shares of company stock valued at $55,706,695 over the last quarter. Corporate insiders own 11.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of NVR by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688 shares of the construction company’s stock worth $1,904,000 after purchasing an additional 5 shares during the last quarter. Advisory Services Network LLC boosted its holdings in NVR by 4.4% in the fourth quarter. Advisory Services Network LLC now owns 191 shares of the construction company’s stock valued at $465,000 after acquiring an additional 8 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in NVR by 5.2% in the fourth quarter. IFM Investors Pty Ltd now owns 202 shares of the construction company’s stock valued at $492,000 after acquiring an additional 10 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in NVR by 9.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 117 shares of the construction company’s stock valued at $324,000 after acquiring an additional 10 shares during the last quarter. Finally, National Asset Management Inc. boosted its holdings in NVR by 10.5% in the first quarter. National Asset Management Inc. now owns 105 shares of the construction company’s stock valued at $291,000 after acquiring an additional 10 shares during the last quarter. Institutional investors own 79.44% of the company’s stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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