Moors & Cabot Inc. Increases Stock Position in NVR, Inc. (NYSE:NVR)

Moors & Cabot Inc. lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93 shares of the construction company’s stock after purchasing an additional 9 shares during the period. Moors & Cabot Inc.’s holdings in NVR were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Peak Financial Advisors LLC purchased a new position in NVR in the fourth quarter worth $1,235,000. JPMorgan Chase & Co. increased its holdings in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of NVR in the third quarter valued at about $9,341,000. Charles Schwab Investment Management Inc. boosted its holdings in NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after buying an additional 644 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after buying an additional 250 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVR. JPMorgan Chase & Co. reduced their price target 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. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat.com, NVR currently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Stock Up 1.4 %

Shares of NYSE NVR opened at $7,228.03 on Friday. The firm’s 50-day moving average is $7,677.46 and its two-hundred day moving average is $8,623.40. The company has a market capitalization of $21.61 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. 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 released its quarterly 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 return on equity of 39.67% and a net margin of 16.34%. Equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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