GAMMA Investing LLC Has $155,000 Holdings in NVR, Inc. (NYSE:NVR)

GAMMA Investing LLC lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19 shares of the construction company’s stock after buying an additional 2 shares during the quarter. GAMMA Investing LLC’s holdings in NVR were worth $155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NVR. Blue Trust Inc. bought a new position in NVR in the third quarter valued at approximately $39,000. JPMorgan Chase & Co. boosted its position in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after purchasing an additional 2,206 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of NVR in the 3rd quarter worth $9,341,000. Brown Brothers Harriman & Co. grew its stake in shares of NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after purchasing an additional 250 shares during the period. Finally, KBC Group NV increased its holdings in NVR by 299.9% in the third quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after purchasing an additional 4,216 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 775 shares of company stock worth $7,294,073 over the last three months. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $7,985.48 on Thursday. The firm has a market cap of $24.47 billion, a P/E ratio of 16.32, a PEG ratio of 1.84 and a beta of 1.20. NVR, Inc. has a twelve month low of $6,800.00 and a twelve month high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The firm’s 50 day moving average price is $8,763.57 and its two-hundred day moving average price is $8,825.13.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $125.26 earnings per share. On average, analysts forecast that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved 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 repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Bank of America lowered their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group reduced their price target on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9,531.67.

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.