Townsend & Associates Inc Buys 20 Shares of NVR, Inc. (NYSE:NVR)

Townsend & Associates Inc lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428 shares of the construction company’s stock after acquiring an additional 20 shares during the period. Townsend & Associates Inc’s holdings in NVR were worth $3,573,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NVR. Blue Trust Inc. bought a new position in NVR in the third quarter valued at $39,000. Rakuten Securities Inc. bought a new position in NVR in the third quarter valued at $39,000. Private Trust Co. NA grew its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in NVR in the third quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new position in NVR in the third quarter valued at $59,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $7,084.39 on Friday. The firm has a 50-day moving average of $7,959.67 and a 200-day moving average of $8,773.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a market cap of $21.18 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. NVR, Inc. has a one year low of $7,073.38 and a one year 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 (EPS) 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 39.67%. As a group, equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated 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 reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group lifted their price objective 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s 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 trade represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

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.