Proficio Capital Partners LLC Buys Shares of 400,766 NVR, Inc. (NYSE:NVR)

Proficio Capital Partners LLC bought a new stake in NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 400,766 shares of the construction company’s stock, valued at approximately $3,277,825,000. NVR makes up about 1.9% of Proficio Capital Partners LLC’s investment portfolio, making the stock its 14th largest position. Proficio Capital Partners LLC owned about 13.10% of NVR at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings 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. Jennison Associates LLC lifted its holdings in NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after purchasing an additional 2,027 shares in the last quarter. Smead Capital Management Inc. lifted its holdings in NVR by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after purchasing an additional 1,223 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of NVR by 8.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock worth $267,686,000 after acquiring an additional 2,045 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of NVR by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock worth $163,877,000 after acquiring an additional 170 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 1.9 %

NYSE NVR opened at $7,192.89 on Thursday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The company’s 50 day moving average price is $7,887.25 and its 200 day moving average price is $8,748.74. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 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%. On average, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’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. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

NVR has been the topic of several recent analyst reports. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective 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. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Four 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.com, the company presently has an average rating of “Hold” and an average price target of $9,356.67.

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.