Y Intercept Hong Kong Ltd Makes New $1.48 Million Investment in NVR, Inc. (NYSE:NVR)

Y Intercept Hong Kong Ltd purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181 shares of the construction company’s stock, valued at approximately $1,480,000.

Several other large investors also recently bought and sold shares of the stock. Metis Global Partners LLC increased its holdings in NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 2 shares during the period. Private Trust Co. NA increased 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 worth $49,000 after purchasing an additional 2 shares during the period. GAMMA Investing LLC increased its holdings in NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the period. Crestmont Private Wealth LLC increased its holdings in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after purchasing an additional 2 shares during the period. Finally, Lakewood Asset Management LLC boosted its position in shares of NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after acquiring an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

NVR Stock Up 3.8 %

Shares of NYSE NVR opened at $7,327.60 on Wednesday. The stock has a market cap of $21.91 billion, a PE ratio of 14.44, 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 52-week low of $7,015.00 and a 52-week high of $9,964.77. The business has a 50-day moving average price of $7,907.73 and a 200 day moving average price of $8,759.70.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered 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. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, UBS Group upped their price objective 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Company Profile

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.