Proficio Capital Partners LLC Buys New Stake in NVR, Inc. (NYSE:NVR)

Proficio Capital Partners LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 49 shares of the construction company’s stock, valued at approximately $401,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVR. SG Americas Securities LLC increased its position in shares of NVR by 6,012.1% during the fourth quarter. SG Americas Securities LLC now owns 3,545 shares of the construction company’s stock worth $28,994,000 after purchasing an additional 3,487 shares in the last quarter. Victory Capital Management Inc. grew its stake in NVR by 51.8% during the 4th quarter. Victory Capital Management Inc. now owns 6,574 shares of the construction company’s stock worth $53,768,000 after buying an additional 2,242 shares during the last quarter. JPMorgan Chase & Co. increased its position in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NVR by 8.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company’s stock valued at $267,686,000 after buying an additional 2,045 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in NVR by 5.7% in the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after buying an additional 2,027 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Up 2.2 %

Shares of NVR stock opened at $7,343.39 on Tuesday. The business’s 50 day moving average is $7,594.42 and its two-hundred day moving average is $8,538.77. NVR, Inc. has a twelve month low of $7,015.00 and a twelve 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. The company has a market capitalization of $21.80 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last released its earnings results 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%. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In other NVR 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 value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NVR shares. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average 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.