Candriam S.C.A. Takes $1.39 Million Position in NVR, Inc. (NYSE:NVR)

Candriam S.C.A. purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 170 shares of the construction company’s stock, valued at approximately $1,390,000.

A number of other hedge funds have also recently added to or reduced their stakes in NVR. Rakuten Securities Inc. purchased a new position in shares of NVR during the 3rd quarter worth approximately $39,000. Private Trust Co. NA grew its holdings in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in NVR in the third quarter worth $49,000. Smartleaf Asset Management LLC lifted its holdings in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after acquiring an additional 3 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of NVR during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVR. UBS Group increased their price target 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. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Down 1.3 %

NYSE:NVR opened at $7,394.15 on Monday. The company has a market capitalization of $22.11 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The stock has a fifty day simple moving average of $7,757.76 and a 200-day simple moving average of $8,680.52. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

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%. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.