OLD Mission Capital LLC Takes Position in NVR, Inc. (NYSE:NVR)

OLD Mission Capital LLC acquired a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, HoldingsChannel reports. The fund acquired 208 shares of the construction company’s stock, valued at approximately $1,701,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peak Financial Advisors LLC purchased a new position in shares of NVR in the fourth quarter worth about $1,235,000. JPMorgan Chase & Co. boosted its holdings in NVR by 18.8% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. grew its stake in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after buying an additional 644 shares in the last quarter. Markel Group Inc. grew its stake in NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after buying an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVR. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

Shares of NYSE NVR opened at $7,298.53 on Thursday. The stock’s 50-day simple moving average is $7,447.70 and its two-hundred day simple moving average is $8,450.46. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The firm has a market capitalization of $21.67 billion, a P/E ratio of 14.38, a P/E/G ratio of 2.39 and a beta of 1.07. 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 posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the company’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 transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.80% 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.