NVR (NYSE:NVR) PT Lowered to $10,600.00 at Bank of America

NVR (NYSE:NVR) had its price objective decreased by Bank of America from $10,800.00 to $10,600.00 in a report released on Wednesday, Benzinga reports. Bank of America currently has a buy rating on the construction company’s stock.

Separately, UBS Group increased their target price on NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday.

NVR Trading Down 1.3 %

Shares of NVR stock opened at $9,329.74 on Wednesday. NVR has a 12 month low of $5,326.16 and a 12 month high of $9,964.77. The company has a market cap of $28.74 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $9,401.06 and its two-hundred day moving average is $8,385.46.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.18% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $125.26 earnings per share. Equities analysts predict that NVR will post 500.28 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On NVR

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Valued Wealth Advisors LLC lifted its stake in NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. bought a new position in shares of NVR during the 3rd quarter worth approximately $39,000. Redwood Wealth Management Group LLC acquired a new stake in NVR in the 2nd quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in NVR in the second quarter valued at $53,000. 83.67% of the stock is owned by 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.