Caas Capital Management LP Invests $1.15 Million in NVR, Inc. (NYSE:NVR)

Caas Capital Management LP bought a new position in NVR, Inc. (NYSE:NVR) in the fourth quarter, HoldingsChannel reports. The firm bought 141 shares of the construction company’s stock, valued at approximately $1,153,000. NVR accounts for 0.2% of Caas Capital Management LP’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after purchasing an additional 2 shares during the period. Blue Trust Inc. purchased a new position in NVR during the 3rd quarter valued at $39,000. Rakuten Securities Inc. purchased a new position in NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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. This represents a 51.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVR shares. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on 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. decreased their target price 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. Finally, Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Trading Down 3.5 %

Shares of NYSE NVR opened at $7,732.30 on Tuesday. The firm has a market cap of $23.66 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.60 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $7,166.90 and a twelve month high of $9,964.77. The business has a fifty day simple moving average of $8,408.67 and a two-hundred day simple moving average of $8,882.94.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Analysts expect that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan 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 plans are often a sign that the company’s board of directors believes its stock is undervalued.

About NVR

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.