Lbp Am Sa Trims Stock Position in NVR, Inc. (NYSE:NVR)

Lbp Am Sa cut its stake in shares of NVR, Inc. (NYSE:NVR) by 84.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141 shares of the construction company’s stock after selling 740 shares during the quarter. Lbp Am Sa’s holdings in NVR were worth $1,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVR. EverSource Wealth Advisors LLC grew its stake in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Private Trust Co. NA grew its stake in shares of 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. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in shares of NVR by 75.0% during the 4th 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 bought a new position in shares of NVR during the 3rd quarter valued at approximately $59,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVR shares. 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 research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Up 1.4 %

NYSE NVR opened at $7,228.03 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market capitalization of $21.61 billion, a P/E ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The stock has a 50 day moving average price of $7,677.46 and a 200-day moving average price of $8,620.24.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board 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.