Wedge Capital Management L L P NC boosted its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460 shares of the construction company’s stock after buying an additional 68 shares during the period. Wedge Capital Management L L P NC’s holdings in NVR were worth $3,762,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR during the third quarter valued at about $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA lifted its holdings in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of NVR during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America dropped their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. reduced their price target on NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, UBS Group cut their target price on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,531.67.
NVR Trading Up 0.3 %
Shares of NVR stock opened at $8,381.72 on Monday. The company has a fifty day simple moving average of $8,605.45 and a 200-day simple moving average of $8,861.17. The stock has a market cap of $25.65 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.
NVR (NYSE:NVR – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the firm posted $125.26 EPS. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.
NVR announced that its board has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Insider Activity at NVR
In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock worth $7,294,073 in the last quarter. Company insiders own 7.00% 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.
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