SG Americas Securities LLC Has $28.99 Million Holdings in NVR, Inc. (NYSE:NVR)

SG Americas Securities LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 6,012.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,545 shares of the construction company’s stock after buying an additional 3,487 shares during the period. SG Americas Securities LLC’s holdings in NVR were worth $28,994,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. HB Wealth Management LLC increased its holdings in shares of NVR by 6.1% during the fourth quarter. HB Wealth Management LLC now owns 52 shares of the construction company’s stock worth $425,000 after buying an additional 3 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of NVR by 17.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 460 shares of the construction company’s stock worth $3,762,000 after buying an additional 68 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of NVR during the fourth quarter worth $2,715,000. Gateway Investment Advisers LLC increased its holdings in shares of NVR by 3.7% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,256 shares of the construction company’s stock worth $18,452,000 after buying an additional 81 shares in the last quarter. Finally, Lakewood Asset Management LLC increased its holdings in shares of NVR by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NVR stock opened at $8,382.84 on Thursday. The stock has a market capitalization of $25.65 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. The company’s 50-day moving average is $8,558.19 and its 200-day moving average is $8,870.72. 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 $6,800.00 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $125.26 EPS. Equities research analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated 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 completion of the sale, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares of the company’s stock, valued at approximately $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 currently owned by company insiders.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Bank of America reduced their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, UBS Group reduced their price objective on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus price target of $9,531.67.

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.