NVR (NYSE:NVR) had its price objective upped by stock analysts at UBS Group from $3,450.00 to $3,750.00 in a research report issued to clients and investors on Wednesday, 99wallstreet.com reports. The firm presently has a “neutral” rating on the construction company’s stock. UBS Group’s target price suggests a potential upside of 5.90% from the stock’s current price.
NVR has been the topic of a number of other research reports. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research cut NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. ValuEngine cut NVR from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Finally, Wells Fargo & Co reiterated a “market perform” rating on shares of NVR in a report on Friday, October 20th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $3,186.75.
Shares of NVR (NYSE NVR) traded down $17.23 on Wednesday, reaching $3,541.00. The company’s stock had a trading volume of 26,500 shares, compared to its average volume of 31,450. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 3.60. NVR has a 12-month low of $1,662.30 and a 12-month high of $3,677.10. The company has a market capitalization of $13,360.00, a PE ratio of 26.01, a P/E/G ratio of 1.03 and a beta of 0.75.
NVR declared that its board has authorized a stock buyback plan on Tuesday, December 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director William A. Moran sold 4,949 shares of NVR stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the transaction, the director now owns 26,085 shares in the company, valued at approximately $85,089,009.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy M. Donahue sold 326 shares of NVR stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total value of $1,064,999.62. Following the transaction, the director now owns 844 shares in the company, valued at approximately $2,757,238.28. The disclosure for this sale can be found here. Insiders own 11.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of NVR by 9.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock valued at $746,196,000 after purchasing an additional 26,827 shares in the last quarter. FMR LLC lifted its stake in NVR by 23.3% in the 2nd quarter. FMR LLC now owns 150,964 shares of the construction company’s stock valued at $363,915,000 after acquiring an additional 28,513 shares in the last quarter. State Street Corp lifted its stake in NVR by 17.7% in the 2nd quarter. State Street Corp now owns 139,294 shares of the construction company’s stock valued at $335,772,000 after acquiring an additional 20,928 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in NVR by 14.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 51,573 shares of the construction company’s stock valued at $124,322,000 after acquiring an additional 6,330 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in NVR by 2.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 43,462 shares of the construction company’s stock valued at $124,087,000 after acquiring an additional 1,028 shares in the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/01/17/nvr-nvr-price-target-raised-to-3750-00-at-ubs-group.html.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.