NVR (NYSE:NVR) Reaches New 1-Year Low – What’s Next?

Shares of NVR, Inc. (NYSE:NVR) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $6,900.00 and last traded at $7,146.85, with a volume of 94 shares changing hands. The stock had previously closed at $7,109.99.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of analyst reports. UBS Group boosted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Performance

The stock has a market capitalization of $21.54 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The stock’s 50-day simple moving average is $7,423.17 and its 200 day simple moving average is $8,441.16. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has approved a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NVR

Several large investors have recently modified their holdings of the business. JDM Financial Group LLC acquired a new position in shares of NVR in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in NVR during the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after buying an additional 3 shares during the last quarter. Quantbot Technologies LP bought a new stake in NVR during the third quarter worth about $59,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

About NVR

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.