NVR (NYSE:NVR) Reaches New 12-Month Low – Here’s What Happened

Shares of NVR, Inc. (NYSE:NVR) hit a new 52-week low during trading on Thursday . The stock traded as low as $6,562.85 and last traded at $7,095.87, with a volume of 31309 shares. The stock had previously closed at $6,700.00.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Performance

The stock has a market cap of $21.07 billion, a PE ratio of 13.98, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm’s 50-day moving average is $7,288.66 and its 200 day moving average is $8,335.61.

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

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

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated 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 $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NVR. JDM Financial Group LLC bought a new position in NVR during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the third quarter valued at $49,000. EverSource Wealth Advisors LLC lifted its holdings in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after buying an additional 3 shares during the last quarter. Finally, Franchise Capital Ltd bought a new stake in NVR during the 1st quarter worth about $51,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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.