NVR (NYSE:NVR) had its price target hoisted by research analysts at Buckingham Research from $3,030.00 to $3,410.00 in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the construction company’s stock. Buckingham Research’s price objective suggests a potential upside of 12.22% from the stock’s current price.
Separately, Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $3,099.00 target price for the company in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. NVR presently has an average rating of “Hold” and an average target price of $2,994.83.
NVR stock traded up $16.57 during trading hours on Tuesday, reaching $3,038.73. 1,530 shares of the stock were exchanged, compared to its average volume of 19,597. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.69 and a beta of 0.67. The company has a quick ratio of 1.95, a current ratio of 3.96 and a debt-to-equity ratio of 0.33. NVR has a twelve month low of $2,040.71 and a twelve month high of $3,233.00.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, January 25th. The construction company reported $58.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $50.67 by $7.90. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.97 billion. NVR had a net margin of 11.38% and a return on equity of 48.57%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $40.16 earnings per share. On average, sell-side analysts expect that NVR will post 176.78 earnings per share for the current year.
In related news, Director Alexandra A. Jung acquired 25 shares of NVR stock in a transaction dated Tuesday, February 12th. The stock was bought at an average price of $2,613.68 per share, with a total value of $65,342.00. Following the transaction, the director now directly owns 25 shares in the company, valued at approximately $65,342. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight C. Schar sold 5,401 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $2,669.50, for a total transaction of $14,417,969.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,211 shares of company stock valued at $66,653,412. Insiders own 11.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lindbrook Capital LLC bought a new position in NVR in the fourth quarter valued at about $53,000. Captrust Financial Advisors purchased a new position in shares of NVR during the fourth quarter worth $78,000. NEXT Financial Group Inc purchased a new position in shares of NVR during the fourth quarter worth $105,000. FCA Corp TX purchased a new position in shares of NVR during the fourth quarter worth $122,000. Finally, Cetera Investment Advisers purchased a new position in shares of NVR during the fourth quarter worth $205,000. 79.71% of the stock is owned by institutional investors and hedge funds.
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.
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