Venator Management LLC Boosts Position in NVR, Inc. (NYSE:NVR)

Venator Management LLC lifted its position in NVR, Inc. (NYSE:NVR) by 2.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,459 shares of the construction company’s stock after acquiring an additional 63 shares during the period. NVR comprises 5.8% of Venator Management LLC’s investment portfolio, making the stock its 9th largest holding. Venator Management LLC’s holdings in NVR were worth $20,112,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in NVR during the 4th quarter valued at $3,277,825,000. Norges Bank purchased a new stake in shares of NVR during the fourth quarter valued at $295,643,000. JPMorgan Chase & Co. grew its holdings in shares of NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock worth $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Corient Private Wealth LLC increased its stake in NVR by 2,599.1% in the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after buying an additional 8,655 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in NVR during the 4th quarter valued at about $37,942,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Down 2.1 %

NYSE NVR opened at $7,163.11 on Monday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. 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 company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company’s 50-day simple moving average is $7,514.50 and its two-hundred day simple moving average is $8,487.31.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVR. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group increased their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other NVR 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 transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.