Other equities analysts also recently issued research reports about the stock. Buckingham Research boosted their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the stock a buy rating in a research note on Tuesday, July 9th. Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a research note on Thursday. Evercore ISI assumed coverage on shares of Helmerich & Payne in a research note on Thursday, June 6th. They issued an outperform rating for the company. Finally, Wells Fargo & Co assumed coverage on shares of Deckers Outdoor in a research note on Tuesday, April 23rd. They issued a market perform rating and a $163.00 price target for the company. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $3,359.86.
NYSE:NVR opened at $3,489.63 on Thursday. The stock has a fifty day simple moving average of $3,343.75. The firm has a market capitalization of $12.54 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.64 and a beta of 0.66. The company has a current ratio of 4.04, a quick ratio of 2.03 and a debt-to-equity ratio of 0.31. NVR has a 52 week low of $2,040.71 and a 52 week high of $3,528.32.
NVR announced that its board has initiated a stock buyback program on Thursday, May 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, Director Alexandra A. Jung acquired 70 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $3,285.00 per share, with a total value of $229,950.00. Following the transaction, the director now owns 95 shares in the company, valued at $312,075. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul C. Saville sold 7,100 shares of NVR stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $3,298.44, for a total transaction of $23,418,924.00. Following the sale, the chief executive officer now directly owns 117,170 shares of the company’s stock, valued at $386,478,214.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,320 shares of company stock valued at $83,126,269. Corporate insiders own 11.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in NVR. Nisa Investment Advisors LLC raised its holdings in shares of NVR by 88.6% in the second quarter. Nisa Investment Advisors LLC now owns 943 shares of the construction company’s stock valued at $3,178,000 after buying an additional 443 shares during the last quarter. NN Investment Partners Holdings N.V. raised its holdings in shares of NVR by 87.7% in the second quarter. NN Investment Partners Holdings N.V. now owns 826 shares of the construction company’s stock valued at $2,784,000 after buying an additional 386 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of NVR by 7.4% in the second quarter. Xact Kapitalforvaltning AB now owns 809 shares of the construction company’s stock valued at $2,727,000 after buying an additional 56 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of NVR in the second quarter valued at about $36,648,000. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in shares of NVR by 2.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,545 shares of the construction company’s stock valued at $4,275,000 after buying an additional 31 shares during the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.
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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