NVR, Inc. (NYSE:NVR) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its position in shares of NVR, Inc. (NYSE:NVR) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28 shares of the construction company’s stock after purchasing an additional 2 shares during the period. Bleakley Financial Group LLC’s holdings in NVR were worth $229,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America lowered their price target on 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 cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. dropped 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. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four 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, the company presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Down 2.6 %

NYSE NVR opened at $7,297.08 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock’s 50 day moving average price is $8,186.18 and its two-hundred day moving average price is $8,834.92. The stock has a market capitalization 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, Inc. has a 52 week low of $7,227.09 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) 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%. As a group, analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other NVR 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.