141 Shares in NVR, Inc. (NYSE:NVR) Purchased by Caas Capital Management LP

Caas Capital Management LP acquired a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 141 shares of the construction company’s stock, valued at approximately $1,153,000. NVR comprises about 0.2% of Caas Capital Management LP’s portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in shares of NVR during the third quarter worth about $39,000. JPMorgan Chase & Co. boosted its stake in NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares in the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of NVR during the fourth quarter valued at approximately $1,235,000. Intech Investment Management LLC purchased a new stake in shares of NVR during the third quarter valued at approximately $9,341,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America decreased their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. 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 report on Wednesday, January 29th. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, JPMorgan Chase & Co. cut their target price on 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Down 3.5 %

NYSE NVR opened at $7,732.30 on Tuesday. NVR, Inc. has a 12 month low of $7,166.90 and a 12 month high of $9,964.77. The stock has a market cap of $23.66 billion, a P/E ratio of 15.24, a P/E/G ratio of 2.60 and a beta of 1.20. The stock’s fifty day moving average price is $8,408.67 and its 200-day moving average price is $8,882.94. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, equities analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock 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 repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by insiders.

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.