Choreo LLC Has $360,000 Position in NVR, Inc. (NYSE:NVR)

Choreo LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44 shares of the construction company’s stock after selling 11 shares during the period. Choreo LLC’s holdings in NVR were worth $360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVR by 49.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 295 shares of the construction company’s stock valued at $2,420,000 after buying an additional 98 shares during the last quarter. Caas Capital Management LP bought a new stake in shares of NVR during the 4th quarter worth $1,153,000. Jennison Associates LLC raised its stake in shares of NVR by 5.7% during the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after purchasing an additional 2,027 shares during the period. SeaBridge Investment Advisors LLC lifted its holdings in NVR by 3.5% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 269 shares of the construction company’s stock valued at $2,200,000 after purchasing an additional 9 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its holdings in NVR by 162.6% during the fourth quarter. Mediolanum International Funds Ltd now owns 386 shares of the construction company’s stock valued at $3,148,000 after purchasing an additional 239 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

NYSE:NVR opened at $7,297.08 on Thursday. 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, Inc. has a 1 year low of $7,227.09 and a 1 year high of $9,964.77. The stock’s 50 day simple moving average is $8,186.18 and its two-hundred day simple moving average is $8,834.92. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, equities analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its board has approved 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 purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. UBS Group upped 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. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America dropped their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, JPMorgan Chase & Co. reduced their price target 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.