Freemont Management S.A. Invests $2.45 Million in NVR, Inc. (NYSE:NVR)

Freemont Management S.A. purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 300 shares of the construction company's stock, valued at approximately $2,454,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 3 shares during the period. Private Trust Co. NA increased its stake 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 period. Wilmington Savings Fund Society FSB purchased a new stake in NVR in the third quarter worth $49,000. Smartleaf Asset Management LLC increased its stake in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in NVR in the third quarter worth $59,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research firms have weighed in on NVR. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price 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 given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Down 1.5 %

Shares of NVR traded down $106.70 during midday trading on Friday, reaching $7,181.22. 62,749 shares of the stock were exchanged, compared to its average volume of 21,024. 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's 50 day moving average is $7,606.71 and its two-hundred day moving average is $8,558.41. The company 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 1.25.

NVR (NYSE:NVR - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is 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.