30 Shares in NVR, Inc. (NYSE:NVR) Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30 shares of the construction company’s stock, valued at approximately $245,000.

Other hedge funds also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR during the 3rd quarter worth approximately $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA raised its holdings in shares of NVR by 66.7% in the 3rd 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. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $8,116.03 on Wednesday. NVR, Inc. has a 1 year low of $6,800.00 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.84 and a beta of 1.20. The stock’s 50-day moving average is $8,688.03 and its two-hundred day moving average is $8,839.04.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $125.26 EPS. Analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last ninety days. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NVR has been the topic of several recent analyst reports. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America cut their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lowered their price target on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9,531.67.

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.