Regency Capital Management Inc. DE Acquires New Position in NVR, Inc. $NVR

Regency Capital Management Inc. DE acquired a new stake in NVR, Inc. (NYSE:NVR) in the 4th quarter, Holdings Channel reports. The fund acquired 159 shares of the construction company’s stock, valued at approximately $1,160,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CI Investments Inc. raised its position in shares of NVR by 13.3% in the 3rd quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2 shares during the last quarter. Castleview Partners LLC raised its position in shares of NVR by 2.8% in the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock valued at $540,000 after purchasing an additional 2 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of NVR by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2 shares during the last quarter. International Assets Investment Management LLC increased its holdings in NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after buying an additional 2 shares during the period. Finally, Ballentine Partners LLC increased its holdings in NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after buying an additional 2 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group cut their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Bank of America cut their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Activity at NVR

In other news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

NVR Price Performance

Shares of NYSE NVR opened at $6,184.31 on Friday. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.51 and a beta of 0.93. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm’s 50 day simple moving average is $6,339.04 and its 200-day simple moving average is $7,015.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $94.83 EPS. Analysts expect that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.