Vision Capital Management Inc. Has $2.59 Million Stock Position in NVR, Inc. (NYSE:NVR)

Vision Capital Management Inc. lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 316 shares of the construction company’s stock after selling 4 shares during the period. Vision Capital Management Inc.’s holdings in NVR were worth $2,585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in NVR by 49.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 295 shares of the construction company’s stock worth $2,420,000 after purchasing an additional 98 shares during the period. Caas Capital Management LP bought a new stake in shares of NVR during the fourth quarter worth approximately $1,153,000. Jennison Associates LLC boosted its holdings in shares of NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after acquiring an additional 2,027 shares during the period. SeaBridge Investment Advisors LLC boosted its holdings in shares of NVR by 3.5% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 269 shares of the construction company’s stock worth $2,200,000 after acquiring an additional 9 shares during the period. Finally, Mediolanum International Funds Ltd boosted its holdings in shares of NVR by 162.6% during the fourth quarter. Mediolanum International Funds Ltd now owns 386 shares of the construction company’s stock worth $3,148,000 after acquiring an additional 239 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,789.72 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm’s 50-day simple moving average is $8,351.32 and its 200 day simple moving average is $8,870.72. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.60 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $7,209.12 and a fifty-two week high of $9,964.77.

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 return on equity of 39.58% and a net margin of 16.34%. As a group, research analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVR shares. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America dropped their price target on shares of 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Four 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, the stock has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.