R Squared Ltd Makes New $409,000 Investment in NVR, Inc. (NYSE:NVR)

R Squared Ltd purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50 shares of the construction company’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in NVR in the 3rd quarter valued at approximately $39,000. JPMorgan Chase & Co. raised its position in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after purchasing an additional 2,206 shares during the last quarter. Peak Financial Advisors LLC acquired a new position in NVR during the 4th quarter worth about $1,235,000. Intech Investment Management LLC bought a new stake in shares of NVR in the 3rd quarter valued at about $9,341,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of NVR by 11.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after buying an additional 250 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on NVR shares. UBS Group reduced their target price on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of 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. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America lowered their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. 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.com, the company has a consensus rating of “Hold” and a consensus price target of $9,531.67.

NVR Stock Down 4.0 %

Shares of NYSE NVR opened at $8,050.63 on Wednesday. NVR, Inc. has a 1 year low of $6,999.44 and a 1 year high of $9,964.77. The stock has a market capitalization of $24.67 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.67 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. The company has a 50-day moving average price of $8,497.43 and a 200-day moving average price of $8,892.97.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 38.20% and a net margin of 16.51%. On average, equities research analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction 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 completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

NVR 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.