Harvest Fund Management Co. Ltd Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

Harvest Fund Management Co. Ltd reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 73.9% in the fourth quarter, HoldingsChannel reports. The firm owned 12 shares of the construction company’s stock after selling 34 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NVR were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Boston Partners increased its holdings in shares of NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after purchasing an additional 1,605 shares during the period. Generali Asset Management SPA SGR acquired a new stake in NVR in the fourth quarter valued at approximately $5,087,000. Freemont Management S.A. acquired a new stake in NVR in the fourth quarter valued at approximately $2,454,000. Signaturefd LLC grew its holdings in NVR by 8.0% in the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock valued at $221,000 after purchasing an additional 2 shares during the period. Finally, Cibc World Markets Corp grew its holdings in NVR by 13.5% in the fourth quarter. Cibc World Markets Corp now owns 497 shares of the construction company’s stock valued at $4,065,000 after purchasing an additional 59 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. UBS Group raised their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction 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 directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Down 1.5 %

Shares of NYSE NVR opened at $7,181.22 on Friday. 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 business has a 50-day moving average of $7,606.71 and a two-hundred day moving average of $8,554.95. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

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%. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a share 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 stock through open market purchases. Stock repurchase programs are typically 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.