SVB Wealth LLC Purchases Shares of 29 NVR, Inc. (NYSE:NVR)

SVB Wealth LLC acquired a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29 shares of the construction company’s stock, valued at approximately $237,000.

A number of other institutional investors have also recently made changes to their positions in NVR. Rakuten Securities Inc. acquired a new position in shares of NVR in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its holdings in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the third quarter valued at approximately $49,000. Quantbot Technologies LP acquired a new position in shares of NVR in the third quarter valued at approximately $59,000. Finally, Brooklyn Investment Group acquired a new position in shares of NVR in the third quarter valued at approximately $137,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVR. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased 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. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, NVR currently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Up 2.8 %

Shares of NVR stock opened at $7,403.49 on Thursday. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The company has a 50 day moving average of $7,788.89 and a 200 day moving average of $8,701.42. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $22.14 billion, a P/E ratio of 14.59, a P/E/G ratio of 2.39 and a beta of 1.20.

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, 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, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at NVR

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 transaction of $1,074,730.80. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.00% of the company’s stock.

NVR 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.