NVR, Inc. (NYSE:NVR) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2,302.02 and last traded at $2,310.20, with a volume of 898 shares. The stock had previously closed at $2,349.29.
Several research analysts have issued reports on NVR shares. JPMorgan Chase & Co. reiterated a “$2,892.50” rating and set a $3,100.00 price objective (down from $3,450.00) on shares of NVR in a research note on Monday, July 23rd. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. MKM Partners decreased their target price on NVR to $3,100.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Finally, ValuEngine cut NVR from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3,341.50.
The company has a quick ratio of 1.40, a current ratio of 3.67 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $8.96 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.
NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 1st that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
In other news, Director Eddie Arthur Grier sold 108 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $2,722.12, for a total transaction of $293,988.96. Following the sale, the director now owns 193 shares in the company, valued at $525,369.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $2,727.09, for a total value of $2,727,090.00. Following the sale, the insider now owns 5,198 shares in the company, valued at approximately $14,175,413.82. The disclosure for this sale can be found here. Insiders have sold 2,108 shares of company stock worth $5,734,359 in the last 90 days. Company insiders own 12.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in NVR by 6.8% in the second quarter. PNC Financial Services Group Inc. now owns 484 shares of the construction company’s stock valued at $1,439,000 after acquiring an additional 31 shares during the last quarter. USS Investment Management Ltd boosted its holdings in NVR by 44.2% in the second quarter. USS Investment Management Ltd now owns 35,334 shares of the construction company’s stock valued at $104,954,000 after acquiring an additional 10,830 shares during the last quarter. Andra AP fonden boosted its holdings in NVR by 10.3% in the second quarter. Andra AP fonden now owns 3,210 shares of the construction company’s stock valued at $9,535,000 after acquiring an additional 300 shares during the last quarter. Hartford Investment Management Co. bought a new position in NVR in the second quarter valued at about $419,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in NVR in the second quarter valued at about $475,000. Institutional investors and hedge funds own 78.08% of the company’s stock.
NVR Company Profile (NYSE:NVR)
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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