NVR (NYSE:NVR) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of NVR (NYSE:NVR) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other equities research analysts also recently weighed in on NVR. Zacks Investment Research raised General Moly from a sell rating to a hold rating in a research report on Thursday. Wells Fargo & Co assumed coverage on Deckers Outdoor in a research report on Tuesday, April 23rd. They set a market perform rating and a $163.00 price target on the stock. Buckingham Research increased their price target on NVR from $3,580.00 to $3,860.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Finally, Evercore ISI assumed coverage on Helmerich & Payne in a research report on Thursday, June 6th. They set an outperform rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $3,359.86.

NYSE NVR opened at $3,489.63 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 4.04. The firm has a fifty day moving average price of $3,343.75. NVR has a 1 year low of $2,040.71 and a 1 year high of $3,528.32. The firm has a market cap 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.

NVR (NYSE:NVR) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $47.64 earnings per share for the quarter, topping the consensus estimate of $34.45 by $13.19. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.48 billion. NVR had a return on equity of 46.85% and a net margin of 11.45%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $39.34 EPS. As a group, sell-side analysts predict that NVR will post 198.36 earnings per share for the current year.

NVR announced that its board has approved a share buyback plan on Thursday, May 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

In other news, CEO Paul C. Saville sold 1,200 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $3,236.84, for a total transaction of $3,884,208.00. Following the sale, the chief executive officer now directly owns 113,970 shares in the company, valued at approximately $368,902,654.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul C. Saville sold 1,900 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $3,258.35, for a total value of $6,190,865.00. Following the sale, the chief executive officer now owns 113,970 shares in the company, valued at $371,354,149.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,320 shares of company stock worth $83,126,269 over the last 90 days. Insiders own 11.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in NVR by 4.0% in the 1st quarter. BlackRock Inc. now owns 371,681 shares of the construction company’s stock valued at $1,028,440,000 after buying an additional 14,276 shares in the last quarter. FMR LLC lifted its stake in NVR by 48.8% in the 4th quarter. FMR LLC now owns 187,402 shares of the construction company’s stock valued at $456,697,000 after buying an additional 61,448 shares in the last quarter. Impala Asset Management LLC lifted its stake in NVR by 4.7% in the 1st quarter. Impala Asset Management LLC now owns 52,370 shares of the construction company’s stock valued at $144,908,000 after buying an additional 2,359 shares in the last quarter. Northern Trust Corp lifted its stake in NVR by 6.8% in the 1st quarter. Northern Trust Corp now owns 43,987 shares of the construction company’s stock valued at $121,712,000 after buying an additional 2,793 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in NVR by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 38,759 shares of the construction company’s stock valued at $94,401,000 after buying an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

NVR Company Profile

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.

Recommended Story: What is the Book Value of a Share?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NVR (NYSE:NVR)

Receive News & Ratings for NVR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVR and related companies with MarketBeat.com's FREE daily email newsletter.