Callan Family Office LLC Invests $204,000 in NVR, Inc. (NYSE:NVR)

Callan Family Office LLC purchased a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 25 shares of the construction company’s stock, valued at approximately $204,000.

Several other hedge funds have also recently modified their holdings of NVR. Proficio Capital Partners LLC purchased a new stake in shares of NVR in the 4th quarter worth approximately $3,277,825,000. Jennison Associates LLC purchased a new stake in shares of NVR in the 3rd quarter worth approximately $348,545,000. Mizuho Securities USA LLC raised its stake in shares of NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock worth $162,071,000 after acquiring an additional 16,266 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of NVR during the 4th quarter worth approximately $37,942,000. Finally, KBC Group NV raised its stake in shares of NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock worth $55,162,000 after acquiring an additional 4,216 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several recent analyst reports. UBS Group boosted their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9,356.67.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

NVR Trading Down 1.9 %

Shares of NVR stock opened at $7,357.48 on Wednesday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The firm has a market capitalization of $22.00 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.39 and a beta of 1.25. The firm’s 50 day simple moving average is $7,728.13 and its two-hundred day simple moving average is $8,656.46.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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 EPS for the current year.

NVR announced that its board has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are typically a sign 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.