Machina Capital S.A.S. Buys 46 Shares of NVR, Inc. (NYSE:NVR)

Machina Capital S.A.S. boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 184.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71 shares of the construction company’s stock after purchasing an additional 46 shares during the period. Machina Capital S.A.S.’s holdings in NVR were worth $581,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peak Financial Advisors LLC bought a new stake in shares of NVR in the 4th quarter worth $1,235,000. JPMorgan Chase & Co. lifted its position in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. Intech Investment Management LLC purchased a new position in NVR during the third quarter valued at $9,341,000. Brown Brothers Harriman & Co. lifted its position in NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after purchasing an additional 250 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.3 %

Shares of NVR stock opened at $7,394.15 on Friday. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $7,757.76 and its 200-day moving average price is $8,682.24. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth 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 earnings per share (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%. Equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated 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 sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. lowered their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

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.