Allstate Corp Invests $712,000 in NVR, Inc. (NYSE:NVR)

Allstate Corp bought a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 87 shares of the construction company's stock, valued at approximately $712,000.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. EverSource Wealth Advisors LLC boosted its position in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NVR in the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC increased its holdings in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of NVR during the third quarter worth approximately $59,000. Finally, GAMMA Investing LLC lifted 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 worth $155,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NVR. JPMorgan Chase & Co. decreased their price target 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. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9,356.67.

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NVR Stock Up 5.1 %

NVR stock traded up $360.33 during midday trading on Friday, hitting $7,470.32. 26,087 shares of the stock were exchanged, compared to its average volume of 21,857. NVR, Inc. has a 52-week low of $6,918.00 and a 52-week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The business's 50-day moving average price is $7,423.17 and its 200-day moving average price is $8,441.16. The stock has a market capitalization of $22.18 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by company insiders.

NVR 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.