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

NVR (NYSE:NVR) had its target price cut by research analysts at Bank of America from $10,800.00 to $10,600.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Bank of America‘s price objective indicates a potential upside of 12.09% from the stock’s current price.

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

NVR Stock Performance

NVR stock opened at $9,456.40 on Wednesday. The company has a market cap of $29.13 billion, a PE ratio of 19.33, a PEG ratio of 2.32 and a beta of 1.19. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22. NVR has a 1 year low of $5,210.49 and a 1 year high of $9,964.77. The company’s 50-day moving average is $9,387.84 and its two-hundred day moving average is $8,375.33.

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

Insider Transactions at NVR

In related news, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the completion of the sale, the director now owns 173 shares in the company, valued at $1,485,369.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Matthew B. Kelpy sold 200 shares of the business’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 directly owns 230 shares in the company, valued at approximately $1,955,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred E. Festa sold 148 shares of the 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 approximately $1,485,369.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NVR. International Assets Investment Management LLC raised its holdings in shares of NVR by 1,100,012.1% during the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after acquiring an additional 363,004 shares during the period. TD Asset Management Inc lifted its holdings in shares of NVR by 143.8% in the second quarter. TD Asset Management Inc now owns 24,020 shares of the construction company’s stock valued at $182,277,000 after purchasing an additional 14,167 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of NVR by 321.1% during the first quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock worth $116,389,000 after buying an additional 10,958 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of NVR by 98.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock worth $141,498,000 after buying an additional 8,684 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in NVR by 56.0% in the 2nd quarter. Epoch Investment Partners Inc. now owns 22,680 shares of the construction company’s stock valued at $172,109,000 after buying an additional 8,140 shares during the last quarter. Institutional investors and hedge funds 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.