StockNews.com Upgrades NVR (NYSE:NVR) to Buy

NVR (NYSE:NVR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, UBS Group upped their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday.

NVR Stock Down 0.9 %

Shares of NVR stock opened at $7,725.00 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. The stock’s fifty day moving average price is $7,736.86 and its 200 day moving average price is $6,966.46. The company has a market cap of $24.72 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13. NVR has a 1-year low of $5,210.49 and a 1-year high of $8,211.40.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.81% and a net margin of 17.33%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the business earned $99.89 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that NVR will post 499.45 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share repurchase program on Wednesday, February 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Chairman Paul C. Saville sold 250 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at approximately $813,314,665.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Paul C. Saville sold 500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the completion of the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $789,916,600.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AE Wealth Management LLC boosted its position in shares of NVR by 5.7% during the third quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after buying an additional 2 shares during the period. Greenleaf Trust raised its stake in NVR by 4.9% in the fourth quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock valued at $301,000 after buying an additional 2 shares in the last quarter. PYA Waltman Capital LLC raised its stake in NVR by 0.5% in the fourth quarter. PYA Waltman Capital LLC now owns 424 shares of the construction company’s stock valued at $2,968,000 after buying an additional 2 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in NVR by 0.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305 shares of the construction company’s stock valued at $2,135,000 after buying an additional 2 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in NVR by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 214 shares of the construction company’s stock valued at $1,498,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently 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.