NVR (NYSE:NVR) Price Target Lowered to $4,800.00 at KeyCorp

NVR (NYSE:NVRGet Rating) had its price target trimmed by KeyCorp from $5,100.00 to $4,800.00 in a report published on Monday, Stock Target Advisor reports. The firm currently has an overweight rating on the construction company’s stock.

Several other research firms have also recently weighed in on NVR. JPMorgan Chase & Co. lowered their price target on NVR from $4,900.00 to $4,330.00 and set a neutral rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company raised their target price on NVR to $4,580.00 and gave the stock an outperform rating in a report on Wednesday, July 27th. UBS Group increased their price target on NVR from $4,100.00 to $4,300.00 and gave the stock a neutral rating in a research note on Wednesday, July 27th. Finally, StockNews.com lowered NVR from a buy rating to a hold rating in a research note on Friday, September 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $4,502.50.

NVR Stock Performance

NVR stock opened at $4,133.20 on Monday. The company has a market capitalization of $13.57 billion, a P/E ratio of 9.94 and a beta of 0.99. NVR has a twelve month low of $3,576.01 and a twelve month high of $5,982.44. The company has a quick ratio of 2.26, a current ratio of 5.04 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $4,293.04 and its 200 day moving average is $4,344.15.

NVR (NYSE:NVRGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The construction company reported $123.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $126.82 by ($3.17). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.56 billion. NVR had a net margin of 16.18% and a return on equity of 52.01%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $82.45 earnings per share. On average, equities research analysts predict that NVR will post 512.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NVR news, CFO Daniel David Malzahn sold 439 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $4,436.73, for a total value of $1,947,724.47. Following the completion of the sale, the chief financial officer now owns 3,636 shares of the company’s stock, valued at $16,131,950.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Sallie B. Bailey purchased 25 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was purchased at an average price of $4,365.45 per share, with a total value of $109,136.25. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at approximately $436,545. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel David Malzahn sold 439 shares of NVR stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $4,436.73, for a total transaction of $1,947,724.47. Following the transaction, the chief financial officer now directly owns 3,636 shares in the company, valued at $16,131,950.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,387 shares of company stock worth $15,024,330. Corporate insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On NVR

Institutional investors and hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in NVR in the fourth quarter worth $35,000. TFO TDC LLC purchased a new position in NVR in the first quarter worth $27,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of NVR during the first quarter valued at $27,000. CWM LLC grew its holdings in shares of NVR by 250.0% during the second quarter. CWM LLC now owns 7 shares of the construction company’s stock valued at $28,000 after buying an additional 5 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of NVR during the second quarter valued at $32,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

NVR Company Profile

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

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