Edgestream Partners L.P. Buys 310 Shares of NVR, Inc. (NYSE:NVR)

Edgestream Partners L.P. boosted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 79.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 702 shares of the construction company's stock after purchasing an additional 310 shares during the period. Edgestream Partners L.P.'s holdings in NVR were worth $5,742,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NVR. Rakuten Securities Inc. bought a new stake in shares of NVR in the third quarter valued at $39,000. Private Trust Co. NA raised its stake 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 valued at $49,000 after buying an additional 2 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the third quarter valued at $49,000. Smartleaf Asset Management LLC raised its stake in shares of NVR by 75.0% in the fourth 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 period. Finally, Quantbot Technologies LP bought a new stake in shares of NVR in the third quarter valued at $59,000. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NVR shares. UBS Group boosted their target price 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. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, JPMorgan Chase & Co. decreased their price objective on 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9,356.67.

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NVR Trading Down 1.3 %

NVR stock traded down $100.77 during trading on Friday, hitting $7,394.15. 33,092 shares of the company traded hands, compared to its average volume of 28,048. The firm has a market capitalization of $22.11 billion, a PE ratio of 14.57, a P/E/G ratio of 2.39 and a beta of 1.20. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a 50-day moving average of $7,757.76 and a 200-day moving average of $8,682.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating 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%. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a share repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director now 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 document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by corporate 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.