NVR (NYSE:NVR) Price Target Raised to $5,000.00

NVR (NYSE:NVRGet Rating) had its price objective hoisted by JPMorgan Chase & Co. from $4,310.00 to $5,000.00 in a research report report published on Tuesday morning, The Fly reports.

Several other brokerages also recently issued reports on NVR. StockNews.com downgraded shares of NVR from a buy rating to a hold rating in a research report on Thursday, October 20th. Bank of America reissued a buy rating and set a $4,900.00 price target on shares of NVR in a research report on Tuesday, October 18th. UBS Group raised their price target on shares of NVR from $4,100.00 to $4,300.00 and gave the stock a neutral rating in a research report on Wednesday, July 27th. Wells Fargo & Company raised their price target on shares of NVR to $4,580.00 and gave the stock an outperform rating in a research report on Wednesday, July 27th. Finally, KeyCorp raised their price target on shares of NVR from $4,800.00 to $5,120.00 and gave the stock an overweight rating in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $4,780.00.

NVR Stock Up 2.8 %

Shares of NYSE:NVR opened at $4,454.67 on Tuesday. The company has a quick ratio of 2.35, a current ratio of 4.70 and a debt-to-equity ratio of 0.30. NVR has a 52-week low of $3,576.01 and a 52-week high of $5,982.44. The company has a 50 day moving average of $4,165.79 and a two-hundred day moving average of $4,217.52. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 7.26 and a beta of 0.94.

Insider Buying and Selling

In related news, CFO Daniel David Malzahn sold 1,169 shares of NVR stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $4,202.62, for a total value of $4,912,862.78. Following the transaction, the chief financial officer now owns 5,720 shares of the company’s stock, valued at approximately $24,038,986.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, CFO Daniel David Malzahn sold 1,169 shares of NVR stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $4,202.62, for a total transaction of $4,912,862.78. Following the transaction, the chief financial officer now owns 5,720 shares of the company’s stock, valued at approximately $24,038,986.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the transaction, the director now directly owns 405 shares in the company, valued at approximately $1,817,550.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,067 shares of company stock valued at $13,014,824. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of NVR

Large investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new stake in NVR in the first quarter valued at $27,000. CWM LLC grew its position in NVR by 250.0% in the second quarter. CWM LLC now owns 7 shares of the construction company’s stock valued at $28,000 after acquiring an additional 5 shares during the period. CX Institutional bought a new stake in NVR in the second quarter valued at $32,000. Quent Capital LLC grew its position in NVR by 150.0% in the first quarter. Quent Capital LLC now owns 10 shares of the construction company’s stock valued at $45,000 after acquiring an additional 6 shares during the period. Finally, Ellevest Inc. grew its position in NVR by 100.0% in the third quarter. Ellevest Inc. now owns 12 shares of the construction company’s stock valued at $48,000 after acquiring an additional 6 shares during the period. 82.47% of the stock is currently owned by 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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