SVB Wealth LLC Acquires Shares of 29 NVR, Inc. (NYSE:NVR)

SVB Wealth LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29 shares of the construction company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Proficio Capital Partners LLC purchased a new position in shares of NVR in the fourth quarter worth about $3,277,825,000. Principal Financial Group Inc. lifted its stake in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after buying an additional 1,549 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after buying an additional 2,027 shares in the last quarter. Smead Capital Management Inc. lifted its stake 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 worth $355,365,000 after buying an additional 1,223 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of NVR by 8.1% in 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 in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVR shares. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group raised their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

Shares of NVR stock opened at $7,403.49 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm’s 50-day moving average is $7,788.89 and its two-hundred day moving average is $8,701.42. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a market capitalization of $22.14 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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 39.67%. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan 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 plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.