NVR (NYSE:NVR) Sets New 52-Week High at $8,137.15

Shares of NVR, Inc. (NYSE:NVR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8,137.15 and last traded at $8,137.14, with a volume of 2529 shares trading hands. The stock had previously closed at $7,980.74.

Analyst Upgrades and Downgrades

NVR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised NVR from a “sell” rating to a “hold” rating and raised their target price for the stock from $4,900.00 to $6,300.00 in a report on Friday, December 8th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

NVR Stock Up 1.5 %

The company has a market cap of $25.92 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 3.68 and a beta of 1.13. The business has a fifty day moving average of $7,494.08 and a two-hundred day moving average of $6,709.62. The company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping analysts’ consensus estimates of $121.50 by $0.06. NVR had a net margin of 17.09% and a return on equity of 38.50%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company posted $133.44 EPS. The business’s revenue was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 484.48 EPS for the current fiscal year.

NVR declared that its board has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Paul C. Saville sold 250 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the transaction, the chairman now directly owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,981 shares of company stock worth $59,155,947 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after purchasing an additional 237,977 shares in the last quarter. Norges Bank purchased a new position in NVR in the fourth quarter valued at about $246,031,000. BlackRock Inc. lifted its position in shares of NVR by 12.1% during the 2nd quarter. BlackRock Inc. now owns 265,790 shares of the construction company’s stock valued at $1,687,930,000 after acquiring an additional 28,676 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of NVR during the 2nd quarter worth approximately $70,568,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of NVR during the 3rd quarter worth $62,370,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

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.