Wilmington Savings Fund Society FSB Raises Stock Position in NVR, Inc. (NYSE:NVR)

Wilmington Savings Fund Society FSB grew its holdings in NVR, Inc. (NYSE:NVR) by 60.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8 shares of the construction company’s stock after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB’s holdings in NVR were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. acquired a new stake in NVR during the third quarter worth $39,000. Rakuten Securities Inc. acquired a new position in NVR during the 3rd quarter worth $39,000. Private Trust Co. NA grew its position in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of NVR in the 3rd quarter valued at $59,000. Finally, Brooklyn Investment Group purchased a new stake in NVR during the 3rd quarter worth about $137,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Up 0.5 %

Shares of NVR stock opened at $7,336.44 on Friday. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 2.51 and a beta of 1.20. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $8,153.80 and a 200 day moving average price of $8,824.52.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. Research analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NVR shares. Bank of America dropped their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. 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. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9,356.67.

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.