Candriam S.C.A. Makes New $1.39 Million Investment in NVR, Inc. (NYSE:NVR)

Candriam S.C.A. acquired a new stake in NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 170 shares of the construction company’s stock, valued at approximately $1,390,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in NVR in the fourth quarter valued at $37,942,000. Cullen Frost Bankers Inc. increased its holdings in shares of NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock valued at $164,000 after acquiring an additional 11 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of NVR in the 4th quarter valued at about $401,000. Crew Capital Management Ltd. raised its position in shares of NVR by 7.1% during the 4th quarter. Crew Capital Management Ltd. now owns 120 shares of the construction company’s stock worth $981,000 after acquiring an additional 8 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in NVR by 51.8% during the fourth quarter. Victory Capital Management Inc. now owns 6,574 shares of the construction company’s stock worth $53,768,000 after purchasing an additional 2,242 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, UBS Group boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $9,356.67.

NVR Trading Down 1.3 %

NVR opened at $7,394.15 on Monday. 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’s 50 day moving average is $7,757.76 and its two-hundred day moving average is $8,680.52. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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, research analysts predict that NVR, Inc. will post 505.2 EPS 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.

NVR 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.