NVR, Inc. (NYSE:NVR) Shares Bought by IMS Capital Management

IMS Capital Management raised its position in NVR, Inc. (NYSE:NVR) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 277 shares of the construction company’s stock after buying an additional 4 shares during the quarter. NVR makes up approximately 1.1% of IMS Capital Management’s portfolio, making the stock its 29th biggest position. IMS Capital Management’s holdings in NVR were worth $2,266,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Jennison Associates LLC increased its stake in NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after purchasing an additional 2,027 shares during the period. Smead Capital Management Inc. raised its holdings in shares of NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after buying an additional 1,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NVR by 8.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock worth $267,686,000 after buying an additional 2,045 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of NVR by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock worth $163,877,000 after buying an additional 170 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Up 0.5 %

NVR stock opened at $7,336.44 on Friday. The stock’s 50 day moving average price is $8,153.80 and its 200 day moving average price is $8,824.52. The company has a market cap of $22.45 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. 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.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that NVR, Inc. will post 512.33 EPS 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 purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Bank of America cut their price objective 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. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

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.