UBS Group Increases NVR (NYSE:NVR) Price Target to $9,450.00

NVR (NYSE:NVR) had its price target upped by UBS Group from $8,450.00 to $9,450.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. UBS Group’s price objective indicates a potential downside of 0.07% from the company’s previous close.

NVR Stock Performance

NVR stock opened at $9,456.40 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR has a twelve month low of $5,210.49 and a twelve month high of $9,964.77. The company’s 50-day moving average price is $9,387.84 and its 200-day moving average price is $8,375.33. The company has a market cap of $29.13 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.18%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $125.26 earnings per share. On average, equities research analysts forecast that NVR will post 500.28 EPS for the current fiscal year.

Insider Buying and Selling at NVR

In related news, Director Alfred E. Festa sold 148 shares of NVR stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the transaction, the director now directly owns 173 shares of the company’s stock, valued at approximately $1,485,369.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $8,500.00, for a total transaction of $1,700,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at approximately $1,955,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alfred E. Festa sold 148 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the sale, the director now directly owns 173 shares of the company’s stock, valued at $1,485,369.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Institutional Trading of NVR

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp increased its stake in NVR by 1.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after buying an additional 71 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of NVR by 3,377.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,504 shares of the construction company’s stock valued at $19,002,000 after acquiring an additional 2,432 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after purchasing an additional 1,254 shares during the period. Swedbank AB bought a new position in NVR in the first quarter worth approximately $931,000. Finally, Jane Street Group LLC increased its holdings in NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock worth $4,601,000 after purchasing an additional 527 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

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.