IMS Capital Management Increases Stock Position in NVR, Inc. (NYSE:NVR)

IMS Capital Management grew its holdings in NVR, Inc. (NYSE:NVR) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 277 shares of the construction company’s stock after buying an additional 4 shares during the period. NVR comprises approximately 1.1% of IMS Capital Management’s investment portfolio, making the stock its 29th biggest holding. IMS Capital Management’s holdings in NVR were worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NVR. Blue Trust Inc. acquired a new stake in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the third quarter valued at $39,000. Private Trust Co. NA boosted its stake in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR during the third quarter valued at $49,000. Finally, Quantbot Technologies LP purchased a new stake in NVR during the 3rd quarter worth about $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Bank of America lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

NVR stock opened at $7,336.44 on Friday. NVR, Inc. has a 1 year low of $7,227.09 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a 50 day moving average price of $8,153.80 and a 200 day moving average price of $8,824.52. The company has a market cap of $22.45 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Sell-side analysts predict that NVR, Inc. will post 512.33 earnings per share for the current year.

NVR declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 7.00% of the stock is owned by company insiders.

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.