Ieq Capital LLC Buys 21 Shares of NVR, Inc. (NYSE:NVR)

Ieq Capital LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 263 shares of the construction company’s stock after purchasing an additional 21 shares during the period. Ieq Capital LLC’s holdings in NVR were worth $2,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. Principal Financial Group Inc. grew its holdings in shares of NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after buying an additional 1,549 shares in the last quarter. Jennison Associates LLC lifted its stake in NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after acquiring an additional 2,027 shares in the last quarter. Smead Capital Management Inc. boosted its position in NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after acquiring an additional 1,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NVR by 8.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock worth $267,686,000 after acquiring an additional 2,045 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of NVR by 1.0% in the third quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company’s stock valued at $163,877,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVR. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9,356.67.

Insider Activity

In related 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 transaction 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 approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $7,084.39 on Monday. The stock has a 50 day moving average of $7,959.67 and a 200 day moving average of $8,777.37. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 2.39 and a beta of 1.20. NVR, Inc. has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

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

NVR declared that its board has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors 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.