Lecap Asset Management Ltd. Sells 75 Shares of NVR, Inc. (NYSE:NVR)

Lecap Asset Management Ltd. lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 63.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44 shares of the construction company's stock after selling 75 shares during the period. Lecap Asset Management Ltd.'s holdings in NVR were worth $360,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. bought a new position in shares of NVR in the third quarter worth $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter valued at about $39,000. Private Trust Co. NA increased 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 buying an additional 2 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the 3rd quarter valued at approximately $49,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NVR during the 3rd quarter worth approximately $59,000. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NVR. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Bank of America dropped 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 report on Wednesday, October 23rd. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, StockNews.com cut NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus price target of $9,356.67.

NVR Stock Performance

Shares of NVR traded down $197.28 during mid-day trading on Wednesday, hitting $7,297.08. The stock had a trading volume of 19,886 shares, compared to its average volume of 27,021. NVR, Inc. has a 52 week low of $7,227.09 and a 52 week high of $9,964.77. The business has a fifty day moving average price of $8,221.46 and a 200-day moving average price of $8,845.75. The firm has a market cap of $22.33 billion, a P/E ratio of 14.38, a PEG ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, equities research analysts expect that NVR, Inc. will post 512.33 EPS for the current year.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the business'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 completion of the transaction, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by insiders.

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.