Proficio Capital Partners LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 400,766 shares of the construction company's stock, valued at approximately $3,277,825,000. NVR accounts for 1.9% of Proficio Capital Partners LLC's holdings, making the stock its 14th largest position. Proficio Capital Partners LLC owned about 13.10% of NVR as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of NVR. Blue Trust Inc. purchased a new position in NVR in the third quarter valued at $39,000. Rakuten Securities Inc. purchased a new position in NVR in the third quarter valued at $39,000. Private Trust Co. NA boosted its holdings in NVR by 66.7% in the third 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in NVR in the third quarter valued at $49,000. Finally, Quantbot Technologies LP purchased a new position in NVR in the third quarter valued at $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
NVR Stock Up 0.6 %
NVR stock traded up $46.06 during midday trading on Friday, reaching $7,228.01. The company's stock had a trading volume of 38,773 shares, compared to its average volume of 27,686. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.61 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.20. The business has a 50-day simple moving average of $7,847.90 and a 200-day simple moving average of $8,729.75.
NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results 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, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR announced that its board has approved a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.
Insider Transactions at NVR
In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.00% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on NVR. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $9,356.67.
Read Our Latest Research Report on NVR
NVR Company Profile
(
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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