Farringdon Capital Ltd. Makes New $360,000 Investment in NVR, Inc. (NYSE:NVR)

Farringdon Capital Ltd. purchased a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, Holdings Channel.com reports. The fund purchased 44 shares of the construction company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in NVR in the fourth quarter valued at about $3,277,825,000. Vanguard Group Inc. increased its stake in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. Principal Financial Group Inc. increased its stake in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after purchasing an additional 1,549 shares in the last quarter. Boston Partners raised its holdings in NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Invesco Ltd. boosted its position in NVR by 9.3% during the fourth quarter. Invesco Ltd. now owns 38,549 shares of the construction company’s stock worth $315,288,000 after purchasing an additional 3,268 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 2.0 %

Shares of NYSE:NVR opened at $7,188.69 on Friday. The company has a market capitalization of $21.34 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.39 and a beta of 1.07. The stock’s fifty day simple moving average is $7,219.56 and its 200-day simple moving average is $8,222.59. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. 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 released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVR. UBS Group raised their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $9,356.67.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

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.