Gateway Investment Advisers LLC Buys 81 Shares of NVR, Inc. (NYSE:NVR)

Gateway Investment Advisers LLC raised its stake in shares of NVR, Inc. (NYSE:NVR) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,256 shares of the construction company’s stock after buying an additional 81 shares during the quarter. Gateway Investment Advisers LLC owned about 0.07% of NVR worth $18,452,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lakewood Asset Management LLC raised its position in shares of NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after purchasing an additional 2 shares during the last quarter. Peak Financial Advisors LLC purchased a new stake in NVR during the 4th quarter valued at about $1,235,000. Park Avenue Securities LLC increased its stake in NVR by 7.0% during the 4th quarter. Park Avenue Securities LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 5 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in NVR in the fourth quarter worth about $245,000. Finally, Crestmont Private Wealth LLC lifted its stake in shares of NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by insiders.

NVR Price Performance

NYSE NVR opened at $8,349.63 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. 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 $25.55 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.57 and a beta of 1.20. The business’s fifty day moving average price is $8,641.39 and its 200-day moving average price is $8,838.63.

NVR (NYSE:NVR) last announced 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). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $125.26 earnings per share. On average, equities analysts predict that NVR, Inc. will post 494.48 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

NVR has been the subject of several analyst reports. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Bank of America decreased their price target 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. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. UBS Group decreased their target price on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lowered 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 note on Friday, December 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9,531.67.

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.