Peak Financial Advisors LLC Takes Position in NVR, Inc. (NYSE:NVR)

Peak Financial Advisors LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 151 shares of the construction company's stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after buying an additional 2 shares during the last quarter. GAMMA Investing LLC lifted its stake in NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after acquiring an additional 2 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of NVR by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company's stock worth $5,917,000 after purchasing an additional 2 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock valued at $1,119,000 after purchasing an additional 2 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded up $108.72 during trading hours on Wednesday, reaching $8,252.36. 16,786 shares of the company's stock were exchanged, compared to its average volume of 26,708. NVR, Inc. has a fifty-two week low of $6,800.00 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $25.29 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.84 and a beta of 1.20. The business has a fifty day moving average price of $8,660.39 and a 200-day moving average price of $8,842.76.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. NVR's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $125.26 earnings per share. Analysts predict that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 125 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 775 shares of company stock worth $7,294,073. Company insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. UBS Group dropped their price target on shares of NVR from $9,450.00 to $8,750.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating on the stock in a report on Friday, December 13th. Four 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 presently has an average rating of "Hold" and an average target price of $9,531.67.

NVR Company 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.