Summit Trail Advisors LLC Acquires 3 Shares of NVR, Inc. (NYSE:NVR)

Summit Trail Advisors LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31 shares of the construction company’s stock after purchasing an additional 3 shares during the period. Summit Trail Advisors LLC’s holdings in NVR were worth $254,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NVR. IFM Investors Pty Ltd boosted its position in NVR by 0.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock valued at $5,917,000 after buying an additional 2 shares during the period. Metis Global Partners LLC boosted its holdings in shares of 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 during the period. 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 worth $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 worth $155,000 after purchasing an additional 2 shares in the last quarter. Finally, Crestmont Private Wealth LLC increased its holdings in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVR shares. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America reduced their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective 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. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Trading Down 2.6 %

Shares of NVR stock opened at $7,297.08 on Thursday. The firm has a 50-day simple moving average of $8,186.18 and a two-hundred day simple moving average of $8,834.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77. The company has a market cap of $22.33 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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 predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

NVR Company 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.