Summit Trail Advisors LLC Raises Stake in NVR, Inc. (NYSE:NVR)

Summit Trail Advisors LLC lifted its position in NVR, Inc. (NYSE:NVR) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31 shares of the construction company’s stock after purchasing an additional 3 shares during the period. Summit Trail Advisors LLC’s holdings in NVR were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in NVR in the 3rd quarter worth $39,000. Rakuten Securities Inc. bought a new position in shares of NVR in the third quarter worth about $39,000. Private Trust Co. NA boosted its stake in shares of NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the third quarter worth about $49,000. Finally, Quantbot Technologies LP bought a new stake in NVR during the 3rd quarter valued at approximately $59,000. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NVR shares. JPMorgan Chase & Co. dropped their price target on 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. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America reduced their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, NVR currently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the firm’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 completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade 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 available through this hyperlink. 7.00% of the stock is currently owned by insiders.

NVR Trading Down 2.6 %

Shares of NVR opened at $7,297.08 on Thursday. The stock has a market capitalization of $22.33 billion, a PE ratio of 14.38, a P/E/G ratio of 2.51 and a beta of 1.20. The company’s fifty day moving average is $8,186.18 and its 200 day moving average is $8,834.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Sell-side analysts expect that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

NVR Company 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.