ARP Americas LP raised its position in NVR, Inc. (NYSE:NVR) by 430.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 637 shares of the construction company’s stock after acquiring an additional 517 shares during the period. ARP Americas LP’s holdings in NVR were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NVR. Stifel Financial Corp raised its holdings in shares of NVR by 4.1% in the second quarter. Stifel Financial Corp now owns 429 shares of the construction company’s stock worth $1,035,000 after buying an additional 17 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of NVR by 1.4% in the second quarter. Royal Bank of Canada now owns 1,727 shares of the construction company’s stock worth $4,163,000 after buying an additional 24 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of NVR in the second quarter worth $603,000. Toronto Dominion Bank purchased a new position in shares of NVR in the second quarter worth $104,000. Finally, Achmea Investment Management B.V. purchased a new position in shares of NVR in the second quarter worth $1,052,000. Institutional investors own 78.64% of the company’s stock.
In related news, Director William Grady Rosier sold 650 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the sale, the director now owns 1,862 shares in the company, valued at $5,857,665.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eddie Arthur Grier sold 400 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,097 shares of company stock worth $3,373,063. 11.30% of the stock is owned by company insiders.
A number of research analysts have issued reports on the stock. UBS Group raised their price target on shares of NVR from $3,450.00 to $3,750.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $3,064.50.
NVR, Inc. (NVR) opened at $2,959.97 on Wednesday. The stock has a market cap of $10,649.15, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.01 and a beta of 0.65. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37. NVR, Inc. has a fifty-two week low of $1,965.53 and a fifty-two week high of $3,700.00.
NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $43.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $48.95 by ($5.54). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. NVR had a net margin of 8.70% and a return on equity of 38.72%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $37.80 EPS. analysts forecast that NVR, Inc. will post 188.66 EPS for the current year.
NVR announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 12th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).