Several other analysts also recently issued reports on NVR. Buckingham Research raised their price target on NVR from $3,580.00 to $3,860.00 and gave the stock a buy rating in a report on Tuesday. Zacks Investment Research raised General Moly from a sell rating to a hold rating in a report on Thursday. Evercore ISI assumed coverage on Helmerich & Payne in a report on Thursday, June 6th. They issued an outperform rating on the stock. Finally, Wells Fargo & Co assumed coverage on Deckers Outdoor in a report on Tuesday, April 23rd. They issued a market perform rating and a $163.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $3,359.86.
NYSE:NVR traded up $58.32 during trading hours on Thursday, reaching $3,527.00. 117 shares of the stock were exchanged, compared to its average volume of 20,965. The company has a quick ratio of 2.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $3,338.17. NVR has a 52 week low of $2,040.71 and a 52 week high of $3,509.01. The firm has a market cap of $12.53 billion, a PE ratio of 17.92, a P/E/G ratio of 1.63 and a beta of 0.66.
NVR announced that its board has approved a stock repurchase plan on Thursday, May 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In related news, CEO Paul C. Saville sold 1,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $3,236.84, for a total value of $3,884,208.00. Following the sale, the chief executive officer now directly owns 113,970 shares in the company, valued at approximately $368,902,654.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey D. Martchek sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $3,180.04, for a total value of $1,590,020.00. Following the completion of the sale, the insider now owns 4,658 shares in the company, valued at $14,812,626.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,320 shares of company stock worth $83,126,269. 11.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of NVR. Weaver Consulting Group acquired a new stake in NVR in the 1st quarter valued at approximately $34,000. Howe & Rusling Inc. acquired a new position in shares of NVR during the 1st quarter valued at $47,000. Penserra Capital Management LLC acquired a new position in shares of NVR during the 1st quarter valued at $66,000. Cullen Frost Bankers Inc. acquired a new position in shares of NVR during the 1st quarter valued at $69,000. Finally, Captrust Financial Advisors acquired a new position in shares of NVR during the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 78.83% 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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