Beacon Investment Advisory Services Inc. Grows Holdings in NVR, Inc. (NYSE:NVR)

Beacon Investment Advisory Services Inc. increased its holdings in NVR, Inc. (NYSE:NVR) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,328 shares of the construction company’s stock after buying an additional 5 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in NVR were worth $19,040,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NVR. Massmutual Trust Co. FSB ADV grew its stake in shares of NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the last quarter. GAMMA Investing LLC lifted its stake in NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after acquiring an additional 2 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of NVR by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock valued at $5,917,000 after acquiring an additional 2 shares during the last quarter. Metis Global Partners LLC raised its holdings in shares of NVR by 1.8% during 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 last quarter. Finally, Private Trust Co. NA lifted its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group cut their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. 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 investment 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, the stock currently has an average rating of “Hold” and a consensus price target of $9,531.67.

NVR Trading Up 0.4 %

Shares of NVR stock opened at $8,382.84 on Thursday. The stock’s 50-day moving average price is $8,558.19 and its 200-day moving average price is $8,870.72. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The stock has a market capitalization of $25.65 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20. 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 posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company posted $125.26 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now owns 208 shares in the company, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is 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.