324 Shares in NVR, Inc. (NYSE:NVR) Bought by Crestline Management LP

Crestline Management LP purchased a new stake in NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 324 shares of the construction company’s stock, valued at approximately $2,650,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in NVR during the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares during the period. GAMMA Investing LLC raised its holdings in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after buying an additional 2 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after buying an additional 11 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NVR shares. UBS Group lowered their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9,023.33.

NVR Stock Up 2.1 %

NYSE NVR opened at $7,110.63 on Thursday. The stock’s 50 day simple moving average is $7,183.50 and its 200 day simple moving average is $7,992.59. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The firm has a market cap of $21.11 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. 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 (NYSE:NVR) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other 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 directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents 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 accessible through this link. Insiders own 7.00% of the company’s stock.

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.