Franchise Capital Ltd Makes New Investment in NVR, Inc. (NYSE:NVR)

Franchise Capital Ltd bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7 shares of the construction company’s stock, valued at approximately $51,000. NVR makes up approximately 0.0% of Franchise Capital Ltd’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds have also made changes to their positions in NVR. Proficio Capital Partners LLC purchased a new position in shares of NVR during the fourth quarter valued at $3,277,825,000. Siemens Fonds Invest GmbH lifted its stake in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock worth $468,528,000 after acquiring an additional 57,236 shares during the period. Norges Bank bought a new position in NVR during the 4th quarter worth about $295,643,000. JPMorgan Chase & Co. increased its position in NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock valued at $302,611,000 after purchasing an additional 23,079 shares during the period. Finally, Citadel Advisors LLC purchased a new position in NVR during the 4th quarter valued at about $118,087,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 2.7%

NYSE:NVR opened at $7,014.47 on Thursday. The stock has a market capitalization of $20.51 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $7,154.90 and a 200 day moving average of $7,774.45.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the topic of several research reports. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. JPMorgan Chase & Co. cut their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group decreased their price objective on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $9,023.33.

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.