V Square Quantitative Management LLC Has $499,000 Stake in NVR, Inc. (NYSE:NVR)

V Square Quantitative Management LLC decreased its holdings in NVR, Inc. (NYSE:NVR) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 61 shares of the construction company’s stock after selling 2 shares during the period. V Square Quantitative Management LLC’s holdings in NVR were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. acquired a new position in NVR in the 3rd quarter valued at approximately $39,000. JPMorgan Chase & Co. increased its stake in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares during the last quarter. Peak Financial Advisors LLC purchased a new stake in shares of NVR during the fourth quarter worth $1,235,000. Intech Investment Management LLC purchased a new stake in shares of NVR during the third quarter worth $9,341,000. Finally, Brown Brothers Harriman & Co. boosted its position in NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after purchasing an additional 250 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

NVR stock opened at $7,359.53 on Friday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $22.52 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.51 and a beta of 1.20. NVR, Inc. has a 12 month low of $7,227.09 and a 12 month high of $9,964.77. The firm has a 50 day moving average of $8,122.07 and a two-hundred day moving average of $8,816.97.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. As a group, equities analysts anticipate that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America reduced their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction 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 directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by 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.