iA Global Asset Management Inc. lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 94.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30 shares of the construction company's stock after selling 558 shares during the period. iA Global Asset Management Inc.'s holdings in NVR were worth $245,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of NVR. Cerity Partners LLC raised its position in shares of NVR by 66.5% during the 3rd quarter. Cerity Partners LLC now owns 358 shares of the construction company's stock valued at $3,513,000 after buying an additional 143 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in NVR by 170.2% during the third quarter. Daiwa Securities Group Inc. now owns 1,070 shares of the construction company's stock worth $10,498,000 after acquiring an additional 674 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of NVR by 27.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 46 shares of the construction company's stock valued at $452,000 after purchasing an additional 10 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock worth $24,667,000 after purchasing an additional 250 shares during the period. Finally, Private Trust Co. NA raised its holdings in NVR by 66.7% during the 3rd 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. Hedge funds and other institutional investors own 83.67% of the company's stock.
NVR Trading Up 0.1 %
Shares of NVR traded up $4.01 during trading hours on Thursday, reaching $7,318.93. 14,079 shares of the company traded hands, compared to its average volume of 21,022. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The stock's fifty day moving average price is $7,559.48 and its 200 day moving average price is $8,517.89. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.
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 analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
Insider Buying and Selling
In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction on 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 represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, NVR has an average rating of "Hold" and an average target price of $9,356.67.
Read Our Latest Analysis on NVR
About NVR
(
Free Report)
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.
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