OLD Mission Capital LLC Purchases Shares of 208 NVR, Inc. (NYSE:NVR)

OLD Mission Capital LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 208 shares of the construction company’s stock, valued at approximately $1,701,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peak Financial Advisors LLC bought a new position in shares of NVR in the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 2,206 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after buying an additional 644 shares during the period. Markel Group Inc. boosted its holdings in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after buying an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NVR by 3.0% during the 4th 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 period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NVR. UBS Group lifted 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 note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $9,356.67.

NVR Stock Up 1.2 %

NVR opened at $7,298.53 on Thursday. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The firm has a market capitalization of $21.67 billion, a P/E ratio of 14.38, a PEG ratio of 2.39 and a beta of 1.07. The company’s 50-day moving average is $7,447.70 and its 200 day moving average is $8,450.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 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 39.67%. Research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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.