Caas Capital Management LP Makes New Investment in NVR, Inc. (NYSE:NVR)

Caas Capital Management LP purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 141 shares of the construction company's stock, valued at approximately $1,153,000. NVR accounts for about 0.2% of Caas Capital Management LP's holdings, making the stock its 29th biggest position.

Other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position 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 period. GAMMA Investing LLC grew its holdings in shares of NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock worth $167,000 after purchasing an additional 2 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company's stock worth $5,917,000 after purchasing an additional 2 shares during the last quarter. Metis Global Partners LLC increased its position in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock worth $1,119,000 after purchasing an additional 2 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Down 2.3 %

NVR stock traded down $179.24 during trading on Friday, hitting $7,560.51. The company had a trading volume of 29,673 shares, compared to its average volume of 27,539. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.60 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $8,288.68 and a 200-day moving average price of $8,855.35. NVR, Inc. has a 12 month low of $7,227.09 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results 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 return on equity of 39.58% and a net margin of 16.34%. As a group, analysts predict that NVR, Inc. will post 512.33 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.