AGF Management Ltd. Purchases New Position in NVR, Inc. (NYSE:NVR)

AGF Management Ltd. acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 64 shares of the construction company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Peak Financial Advisors LLC bought a new stake in shares of NVR in the fourth quarter valued at about $1,235,000. JPMorgan Chase & Co. raised its holdings in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of NVR in the 3rd quarter worth approximately $9,341,000. Charles Schwab Investment Management Inc. lifted its position in shares of NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after purchasing an additional 644 shares during the period. Finally, Markel Group Inc. boosted its stake in shares of NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after purchasing an additional 110 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’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 sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $7,228.03 on Friday. The company has a 50 day moving average of $7,677.46 and a two-hundred day moving average of $8,620.24. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on NVR. 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. decreased their price objective on 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.