New Age Alpha Advisors LLC Invests $1.69 Million in NVR, Inc. (NYSE:NVR)

New Age Alpha Advisors LLC bought a new stake in NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 207 shares of the construction company’s stock, valued at approximately $1,693,000.

Several other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of NVR in the fourth quarter worth about $3,277,825,000. Vanguard Group Inc. increased its position in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after buying an additional 1,147 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of 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 buying an additional 1,549 shares during the last quarter. Boston Partners boosted its position in shares of NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after acquiring an additional 1,605 shares during the period. Finally, Jennison Associates LLC grew 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 acquiring an additional 2,027 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 2.1 %

Shares of NVR stock opened at $7,163.11 on Monday. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The firm has a market capitalization of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company’s fifty day moving average price is $7,514.50 and its two-hundred day moving average price is $8,487.31.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating 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%. On average, analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction on 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 sale, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on NVR shares. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently 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.