Flagship Harbor Advisors LLC Purchases 3 Shares of NVR, Inc. (NYSE:NVR)

Flagship Harbor Advisors LLC increased its position in shares of NVR, Inc. (NYSE:NVR) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47 shares of the construction company’s stock after acquiring an additional 3 shares during the period. Flagship Harbor Advisors LLC’s holdings in NVR were worth $384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NVR. Massmutual Trust Co. FSB ADV raised its stake in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. bought a new position in shares of NVR in the third quarter valued at $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter valued at about $39,000. Private Trust Co. NA boosted its position in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of NVR in the 3rd quarter worth $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NVR shares. Bank of America decreased their target price on 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. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group lowered their price target on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9,531.67.

NVR Trading Down 4.0 %

NVR stock opened at $8,050.63 on Wednesday. NVR, Inc. has a one year low of $6,999.44 and a one year high of $9,964.77. The business’s fifty day moving average is $8,497.43 and its 200 day moving average is $8,892.97. 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 stock has a market capitalization of $24.63 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.67 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 38.20% and a net margin of 16.51%. On average, sell-side analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

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

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.