Mizuho Securities USA LLC Raises Position in NVR, Inc. (NYSE:NVR)

Mizuho Securities USA LLC boosted its holdings in NVR, Inc. (NYSE:NVR) by 45.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 290 shares of the construction company’s stock after buying an additional 90 shares during the period. Mizuho Securities USA LLC’s holdings in NVR were worth $2,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of NVR by 66.7% in the third 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. GAMMA Investing LLC boosted its holdings in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC boosted its holdings in shares of NVR by 3.9% in the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after purchasing an additional 2 shares during the last quarter. Lakewood Asset Management LLC increased its holdings in shares of NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after buying an additional 2 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of NVR by 5.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock worth $294,000 after buying an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 2.2 %

NYSE:NVR opened at $7,343.39 on Tuesday. The business’s 50-day moving average is $7,594.42 and its two-hundred day moving average is $8,538.77. The firm has a market capitalization of $21.80 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last released its quarterly earnings results 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%. Research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on 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 sale, the director now 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their price target on 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. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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, the stock has an average rating of “Hold” and a consensus target price of $9,356.67.

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.