NVR (NYSE:NVR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of NVR (NYSE:NVR – Get Rating) in a research note released on Thursday morning. The firm issued a buy rating on the construction company’s stock.

A number of other analysts also recently commented on the stock. KeyCorp increased their price objective on shares of NVR from $5,120.00 to $6,000.00 and gave the company an overweight rating in a report on Monday, February 6th. JPMorgan Chase & Co. raised their price target on shares of NVR from $4,310.00 to $5,000.00 in a report on Tuesday, November 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $4,956.00.

NVR Stock Up 0.5 %

NVR opened at $5,503.00 on Thursday. NVR has a twelve month low of $3,576.01 and a twelve month high of $5,537.72. The company has a quick ratio of 3.50, a current ratio of 5.64 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $5,139.47 and a 200 day moving average price of $4,616.77. The company has a market cap of $17.88 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 3.27 and a beta of 0.98.

NVR (NYSE:NVR – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The construction company reported $133.44 EPS for the quarter, beating analysts’ consensus estimates of $98.88 by $34.56. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.71% and a return on equity of 56.08%. NVR’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $89.09 EPS. Sell-side analysts expect that NVR will post 394.77 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Daniel David Malzahn sold 100 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $5,213.22, for a total value of $521,322.00. Following the sale, the chief financial officer now directly owns 6,976 shares in the company, valued at approximately $36,367,422.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Daniel David Malzahn sold 100 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $5,213.22, for a total value of $521,322.00. Following the sale, the chief financial officer now directly owns 6,976 shares in the company, valued at approximately $36,367,422.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene James Bredow sold 2,000 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $5,130.00, for a total transaction of $10,260,000.00. Following the completion of the sale, the chief executive officer now owns 1,451 shares in the company, valued at $7,443,630. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,327 shares of company stock worth $38,173,143. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NVR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WealthPlan Investment Management LLC acquired a new stake in NVR during the 3rd quarter worth $269,000. Oppenheimer & Co. Inc. raised its stake in NVR by 3.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 162 shares of the construction company’s stock worth $646,000 after acquiring an additional 5 shares in the last quarter. Pathstone Family Office LLC raised its stake in NVR by 120.6% during the 3rd quarter. Pathstone Family Office LLC now owns 236 shares of the construction company’s stock worth $941,000 after acquiring an additional 129 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in NVR by 0.8% during the 3rd quarter. Treasurer of the State of North Carolina now owns 1,285 shares of the construction company’s stock worth $5,123,000 after acquiring an additional 10 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in NVR by 64.0% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,279 shares of the construction company’s stock worth $13,130,000 after acquiring an additional 1,279 shares in the last quarter. 82.96% of the stock is currently owned by institutional investors and hedge funds.

About NVR

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The company was founded in 1980 and is headquartered in Reston, VA.