Beacon Investment Advisory Services Inc. Purchases 5 Shares of NVR, Inc. (NYSE:NVR)

Beacon Investment Advisory Services Inc. grew its position in shares of NVR, Inc. (NYSE:NVR) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,328 shares of the construction company’s stock after purchasing an additional 5 shares during the period. Beacon Investment Advisory Services Inc. owned about 0.08% of NVR worth $19,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of NVR during the 3rd quarter valued at about $39,000. Peak Financial Advisors LLC bought a new position in NVR during the fourth quarter valued at approximately $1,235,000. JPMorgan Chase & Co. raised its stake in shares of NVR by 18.8% during 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 in the last quarter. Intech Investment Management LLC bought a new stake in shares of NVR in the 3rd quarter worth approximately $9,341,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of NVR by 11.0% in the 3rd 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 in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Up 0.4 %

NYSE NVR opened at $8,382.84 on Thursday. NVR, Inc. has a 1 year low of $6,800.00 and a 1 year high of $9,964.77. The stock has a market capitalization of $25.65 billion, a PE ratio of 17.14, a PEG ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business’s 50-day moving average is $8,558.19 and its 200 day moving average is $8,870.72.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the firm posted $125.26 earnings per share. NVR’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in 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 often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on NVR. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America lowered their target price on 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 decreased their price target on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9,531.67.

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.