NVR (NYSE:NVR) Hits New 1-Year Low - What's Next?

Shares of NVR, Inc. (NYSE:NVR - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $6,562.85 and last traded at $7,095.87, with a volume of 31309 shares. The stock had previously closed at $6,700.00.

Analysts Set New Price Targets

NVR has been the topic of several research reports. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9,356.67.

NVR Trading Down 0.4 %

The firm has a 50-day moving average price of $7,252.16 and a 200-day moving average price of $8,274.97. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 2.39 and a beta of 1.07. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Remove Ads

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.00% of the company's stock.

Hedge Funds Weigh In On NVR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVR. JDM Financial Group LLC acquired a new stake in NVR during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in NVR in the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC boosted its stake in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after acquiring an additional 3 shares during the last quarter. Finally, Franchise Capital Ltd purchased a new stake in shares of NVR during the first quarter worth $51,000. Institutional investors and hedge funds own 83.67% of the company's stock.

About NVR

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.