Paralel Advisors LLC Purchases 32 Shares of NVR, Inc. (NYSE:NVR)

Paralel Advisors LLC raised its stake in shares of NVR, Inc. (NYSE:NVR) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 313 shares of the construction company’s stock after purchasing an additional 32 shares during the quarter. Paralel Advisors LLC’s holdings in NVR were worth $2,560,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in NVR. Treasurer of the State of North Carolina boosted its position in NVR by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company’s stock valued at $10,354,000 after buying an additional 12 shares in the last quarter. Raymond James Financial Inc. acquired a new position in NVR in the fourth quarter valued at about $37,942,000. Martingale Asset Management L P boosted its position in NVR by 151.6% in the fourth quarter. Martingale Asset Management L P now owns 468 shares of the construction company’s stock valued at $3,828,000 after buying an additional 282 shares in the last quarter. Advisory Services Network LLC boosted its position in NVR by 12.9% in the fourth quarter. Advisory Services Network LLC now owns 96 shares of the construction company’s stock valued at $785,000 after buying an additional 11 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of NVR by 412.2% during the fourth quarter. Bank of Nova Scotia now owns 2,008 shares of the construction company’s stock worth $16,423,000 after purchasing an additional 1,616 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVR has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price target 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. UBS Group increased 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 report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 0.7 %

NVR traded down $50.82 during trading hours on Thursday, hitting $7,070.27. 553 shares of the company’s stock were exchanged, compared to its average volume of 22,051. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock’s 50-day moving average is $7,288.66 and its two-hundred day moving average is $8,335.61. The stock has a market cap of $20.99 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.39 and a beta of 1.07. 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 (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. Sell-side 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 outstanding 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 often a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other 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 value of $1,074,730.80. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by corporate insiders.

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.