Y Intercept Hong Kong Ltd Invests $1.48 Million in NVR, Inc. (NYSE:NVR)

Y Intercept Hong Kong Ltd bought a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 181 shares of the construction company’s stock, valued at approximately $1,480,000.

Several other hedge funds have also recently bought and sold shares of the company. Townsend & Associates Inc increased its stake in NVR by 4.9% in the 4th quarter. Townsend & Associates Inc now owns 428 shares of the construction company’s stock valued at $3,573,000 after purchasing an additional 20 shares in the last quarter. PYA Waltman Capital LLC increased its stake in NVR by 20.2% in the 4th quarter. PYA Waltman Capital LLC now owns 523 shares of the construction company’s stock valued at $4,278,000 after purchasing an additional 88 shares in the last quarter. ING Groep NV increased its stake in NVR by 41.0% in the 4th quarter. ING Groep NV now owns 1,991 shares of the construction company’s stock valued at $16,284,000 after purchasing an additional 579 shares in the last quarter. Ieq Capital LLC increased its stake in NVR by 8.7% in the 4th quarter. Ieq Capital LLC now owns 263 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 21 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its stake in NVR by 10.9% in the 4th quarter. Convergence Investment Partners LLC now owns 61 shares of the construction company’s stock valued at $499,000 after purchasing an additional 6 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In other 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 transaction of $1,074,730.80. Following the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

NVR stock opened at $7,327.60 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a fifty day moving average of $7,907.73 and a two-hundred day moving average of $8,759.70. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.39 and a beta of 1.20. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on NVR. UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. 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 report on Wednesday, January 29th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

About NVR

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.