Cibc World Markets Corp Raises Stock Holdings in NVR, Inc. (NYSE:NVR)

Cibc World Markets Corp increased its position in NVR, Inc. (NYSE:NVR - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 497 shares of the construction company's stock after acquiring an additional 59 shares during the period. Cibc World Markets Corp's holdings in NVR were worth $4,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares during the period. Private Trust Co. NA boosted its holdings in 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 purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NVR in the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC raised its stake in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of NVR during the 3rd quarter valued at $59,000. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.00% of the company's stock.

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Analyst Ratings Changes

NVR has been the subject of a number of research reports. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9,356.67.

NVR Stock Performance

NYSE NVR traded up $158.60 on Monday, hitting $7,343.39. 24,820 shares of the company traded hands, compared to its average volume of 21,047. The business's 50 day moving average price is $7,606.71 and its 200-day moving average price is $8,550.75. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. Equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are 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.