Cambridge Investment Research Advisors Inc. Purchases Shares of 80 NVR, Inc. (NVR)

Cambridge Investment Research Advisors Inc. purchased a new stake in NVR, Inc. (NYSE:NVR) during the 4th quarter, Holdings Channel reports. The fund purchased 80 shares of the construction company’s stock, valued at approximately $281,000.

A number of other hedge funds also recently modified their holdings of NVR. Cerebellum GP LLC acquired a new position in NVR in the 4th quarter valued at about $133,000. Checchi Capital Advisers LLC acquired a new position in NVR in the 4th quarter valued at about $200,000. Commerce Bank acquired a new position in NVR in the 4th quarter valued at about $207,000. Assetmark Inc. acquired a new position in NVR in the 4th quarter valued at about $210,000. Finally, Greenleaf Trust increased its position in NVR by 1,120.0% in the 4th quarter. Greenleaf Trust now owns 61 shares of the construction company’s stock valued at $214,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Several equities analysts recently issued reports on NVR shares. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price target on the stock in a research report on Tuesday, February 13th. ValuEngine cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. Finally, UBS boosted their price target on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $3,119.25.

NYSE NVR opened at $2,999.99 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.67 and a current ratio of 3.62. NVR, Inc. has a 12-month low of $2,028.99 and a 12-month high of $3,700.00. The company has a market cap of $11,131.78, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63.

NVR (NYSE:NVR) last released its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $48.95 by ($5.54). NVR had a return on equity of 38.72% and a net margin of 8.70%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $37.80 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts forecast that NVR, Inc. will post 188.66 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback program on Wednesday, February 14th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other NVR news, Director William Grady Rosier sold 650 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the transaction, the director now owns 1,862 shares in the company, valued at approximately $5,857,665.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eddie Arthur Grier sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,097 shares of company stock worth $3,373,063 in the last quarter. 12.00% of the stock is currently owned by insiders.

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NVR Company Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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