A&I Financial Services LLC Invests $532,000 in NVR, Inc. (NYSE:NVR)

A&I Financial Services LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65 shares of the construction company's stock, valued at approximately $532,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth approximately $39,000. Peak Financial Advisors LLC acquired a new position in NVR during the fourth quarter worth $1,235,000. JPMorgan Chase & Co. grew its position in NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. Intech Investment Management LLC acquired a new stake in NVR in the 3rd quarter valued at $9,341,000. Finally, Brown Brothers Harriman & Co. increased its stake in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock valued at $24,667,000 after buying an additional 250 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated 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 sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on NVR. UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $9,356.67.

NVR Stock Performance

NYSE NVR traded down $65.80 during trading on Monday, reaching $7,179.78. 24,901 shares of the company's stock were exchanged, compared to its average volume of 27,614. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business has a 50 day moving average price of $7,847.90 and a 200-day moving average price of $8,730.86. The stock has a market capitalization of $21.47 billion, a P/E ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its 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%. Sell-side analysts forecast 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 stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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.