HighPoint Advisor Group LLC Buys 8 Shares of NVR, Inc. (NYSE:NVR)

HighPoint Advisor Group LLC increased its stake in NVR, Inc. (NYSE:NVR) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108 shares of the construction company’s stock after buying an additional 8 shares during the period. HighPoint Advisor Group LLC’s holdings in NVR were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. Venator Management LLC grew its position in shares of NVR by 2.6% in the 4th quarter. Venator Management LLC now owns 2,459 shares of the construction company’s stock worth $20,112,000 after buying an additional 63 shares during the period. Brandywine Global Investment Management LLC boosted its position in shares of NVR by 62.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 4,079 shares of the construction company’s stock worth $33,362,000 after purchasing an additional 1,568 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of NVR by 20.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,498 shares of the construction company’s stock worth $102,220,000 after buying an additional 2,124 shares during the last quarter. Allianz SE bought a new position in NVR during the 4th quarter valued at approximately $2,527,000. Finally, Allstate Corp purchased a new position in NVR during the fourth quarter valued at $712,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by insiders.

NVR Stock Down 0.6 %

NVR stock opened at $7,203.37 on Wednesday. The stock has a market capitalization of $21.39 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The business has a fifty day moving average price of $7,469.38 and a 200-day moving average price of $8,458.57.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Company 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.