Wedge Capital Management L L P NC Grows Stake in NVR, Inc. (NYSE:NVR)

Wedge Capital Management L L P NC increased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 460 shares of the construction company's stock after purchasing an additional 68 shares during the period. Wedge Capital Management L L P NC's holdings in NVR were worth $3,762,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. Massmutual Trust Co. FSB ADV grew its position in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter worth $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the third quarter worth $39,000. Private Trust Co. NA lifted its stake in shares of 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 bought a new position in shares of NVR in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Transactions at NVR

In other 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 transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $2,186,679. The trade was a 35.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last three months. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVR. JPMorgan Chase & Co. lowered their price objective on NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Bank of America decreased their target price on shares of 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 reduced their price objective on shares of NVR from $9,450.00 to $8,750.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9,531.67.

NVR Stock Up 0.3 %

Shares of NVR traded up $25.91 during trading hours on Monday, hitting $8,381.72. The stock had a trading volume of 56,741 shares, compared to its average volume of 22,202. The firm has a 50 day simple moving average of $8,588.10 and a 200-day simple moving average of $8,867.68. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The firm has a market capitalization of $25.68 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.

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

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

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.