Townsend & Associates Inc Has $3.57 Million Stake in NVR, Inc. (NYSE:NVR)

Townsend & Associates Inc boosted its holdings in NVR, Inc. (NYSE:NVR) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 428 shares of the construction company’s stock after acquiring an additional 20 shares during the period. Townsend & Associates Inc’s holdings in NVR were worth $3,573,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. Blue Trust Inc. acquired a new stake in NVR in the 3rd quarter worth about $39,000. Rakuten Securities Inc. acquired a new stake in NVR in the 3rd quarter worth about $39,000. Private Trust Co. NA raised its stake in NVR by 66.7% in the 3rd 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. Wilmington Savings Fund Society FSB bought a new position in NVR in the 3rd quarter valued at about $49,000. Finally, Quantbot Technologies LP bought a new position in NVR in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by insiders.

NVR Trading Down 2.4 %

Shares of NVR stock opened at $7,084.39 on Friday. The firm has a market capitalization of $21.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. 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 firm’s 50 day moving average is $7,959.67 and its 200 day moving average is $8,773.79. NVR, Inc. has a 1 year low of $7,073.38 and a 1 year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings results 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 research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVR shares. JPMorgan Chase & Co. decreased 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 report on Wednesday, January 29th. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9,356.67.

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.