Wilmington Savings Fund Society FSB Increases Stock Position in NVR, Inc. (NYSE:NVR)

Wilmington Savings Fund Society FSB boosted its holdings in NVR, Inc. (NYSE:NVR) by 60.0% in the fourth quarter, HoldingsChannel reports. The firm owned 8 shares of the construction company’s stock after purchasing an additional 3 shares during the period. Wilmington Savings Fund Society FSB’s holdings in NVR were worth $65,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. acquired a new position in NVR in the third quarter worth about $39,000. Rakuten Securities Inc. acquired a new stake in NVR in the third quarter worth $39,000. Private Trust Co. NA boosted its stake in NVR by 66.7% during the 3rd 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 during the period. Quantbot Technologies LP acquired a new position in shares of NVR during the third quarter worth approximately $59,000. Finally, Brooklyn Investment Group bought a new position in shares of NVR in the third quarter worth $137,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NVR. 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. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price 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. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction that occurred 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 owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $7,336.44 on Friday. NVR, Inc. has a 52 week low of $7,227.09 and a 52 week high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The business’s 50-day simple moving average is $8,153.80 and its 200-day simple moving average is $8,824.52. The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, equities research analysts expect that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its board has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board 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.