Ieq Capital LLC Purchases 21 Shares of NVR, Inc. (NYSE:NVR)

Ieq Capital LLC boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 263 shares of the construction company’s stock after acquiring an additional 21 shares during the quarter. Ieq Capital LLC’s holdings in NVR were worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after purchasing an additional 1,549 shares during the period. Jennison Associates LLC lifted its stake in shares of NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after buying an additional 2,027 shares during the last quarter. Smead Capital Management Inc. boosted its holdings in shares of NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after buying an additional 1,223 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NVR by 8.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock valued at $267,686,000 after buying an additional 2,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in NVR by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock worth $163,877,000 after acquiring an additional 170 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 2.4 %

NVR stock opened at $7,084.39 on Monday. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The business has a 50 day moving average price of $7,959.67 and a two-hundred day moving average price of $8,777.37.

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

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

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective 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, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $9,356.67.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.00% of the stock is currently owned by corporate insiders.

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.