Cullen Frost Bankers Inc. Buys 11 Shares of NVR, Inc. (NYSE:NVR)

Cullen Frost Bankers Inc. raised its stake in NVR, Inc. (NYSE:NVR) by 122.2% in the fourth quarter, Holdings Channel reports. The firm owned 20 shares of the construction company’s stock after acquiring an additional 11 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in NVR were worth $164,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Metis Global Partners LLC grew its stake in NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after purchasing an additional 2 shares in the last quarter. Private Trust Co. NA grew its stake in 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. GAMMA Investing LLC grew its stake in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares in the last quarter. Crestmont Private Wealth LLC grew its stake in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after purchasing an additional 2 shares in the last quarter. Finally, Lakewood Asset Management LLC grew its stake in NVR by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock valued at $3,206,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. 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 note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on 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. Finally, Seaport Res Ptn downgraded 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Performance

Shares of NYSE NVR opened at $7,394.15 on Friday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The stock has a 50 day moving average of $7,757.76 and a 200-day moving average of $8,682.24. The company has a market capitalization of $22.11 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.00% of the stock is currently owned by 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.