Freemont Management S.A. Takes $2.45 Million Position in NVR, Inc. (NYSE:NVR)

Freemont Management S.A. acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 300 shares of the construction company’s stock, valued at approximately $2,454,000.

Several other hedge funds have also recently modified their holdings of NVR. Peak Financial Advisors LLC acquired a new position in NVR in the 4th quarter worth approximately $1,235,000. JPMorgan Chase & Co. increased its holdings in NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares during the period. Intech Investment Management LLC acquired a new position in NVR in the 3rd quarter worth approximately $9,341,000. Charles Schwab Investment Management Inc. increased its holdings in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after buying an additional 644 shares during the period. Finally, Markel Group Inc. increased its holdings in NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Trading Down 0.4 %

NVR stock opened at $7,208.82 on Tuesday. 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, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The stock’s 50 day simple moving average is $7,662.17 and its two-hundred day simple moving average is $8,604.41. The firm has a market cap of $21.55 billion, a PE ratio of 14.20, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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

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.