NVR, Inc. (NYSE:NVR - Get Free Report) Director Michael Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director owned 25 shares of the company's stock, valued at $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NVR Price Performance
Shares of NYSE NVR opened at $6,477.08 on Tuesday. The stock has a market cap of $18.01 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 4.59 and a beta of 1.07. NVR, Inc. has a fifty-two week low of $6,301.02 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The stock has a fifty day moving average of $6,850.25 and a 200-day moving average of $7,272.54.
NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 31.82%. NVR's revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter last year, the firm posted $94.83 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 391.38 earnings per share for the current year.
NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On NVR
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVR. DV Equities LLC purchased a new position in NVR during the fourth quarter worth about $29,000. Strive Financial Group LLC purchased a new position in NVR during the fourth quarter worth about $29,000. Oakworth Capital Inc. purchased a new position in NVR during the fourth quarter worth about $36,000. State of Wyoming purchased a new position in NVR during the second quarter worth about $44,000. Finally, USA Financial Formulas grew its position in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company's stock worth $51,000 after buying an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Zelman & Associates upgraded NVR from a "sell" rating to a "hold" rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. Seaport Research Partners restated a "sell" rating and set a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Bank of America reduced their target price on NVR from $8,600.00 to $8,225.00 and set a "buy" rating for the company in a research report on Monday, April 20th. UBS Group reduced their target price on NVR from $8,100.00 to $7,700.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, BTIG Research restated a "buy" rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7,649.33.
Check Out Our Latest Research Report on NVR
About NVR
(
Get Free Report)
NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.
Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.
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