Miracle Mile Advisors LLC Purchases Shares of 241 NVR, Inc. (NYSE:NVR)

Miracle Mile Advisors LLC bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 241 shares of the construction company's stock, valued at approximately $1,971,000.

Several other hedge funds have also recently modified their holdings of NVR. Massmutual Trust Co. FSB ADV grew its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after buying an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. purchased a new stake in NVR during the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its holdings in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in NVR in the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of a number of analyst reports. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. UBS Group cut their target price on NVR from $9,450.00 to $8,750.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a report on Friday, December 13th. Finally, Bank of America reduced their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $9,531.67.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company's stock, valued at $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Preiser sold 250 shares of the firm's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company's stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. Company insiders own 7.00% of the company's stock.

NVR Trading Up 1.3 %

NYSE:NVR traded up $108.72 on Wednesday, reaching $8,252.36. The company's stock had a trading volume of 21,975 shares, compared to its average volume of 27,475. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The stock has a 50 day moving average price of $8,660.39 and a 200 day moving average price of $8,842.76. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $125.26 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows 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 board of directors believes its shares are 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.