Peak Financial Advisors LLC Buys Shares of 151 NVR, Inc. (NYSE:NVR)

Peak Financial Advisors LLC purchased a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 151 shares of the construction company’s stock, valued at approximately $1,235,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV raised its holdings in NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of NVR in the 3rd quarter worth $39,000. Rakuten Securities Inc. purchased a new stake in shares of NVR in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA lifted its holdings in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the 3rd quarter valued at $49,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVR. UBS Group dropped their price target on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on 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. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Bank of America decreased their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9,531.67.

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction dated 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 of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

NVR Price Performance

NVR stock opened at $8,116.03 on Wednesday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The firm has a market cap of $24.87 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company’s 50 day moving average is $8,688.03 and its two-hundred day moving average is $8,839.04.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the business posted $125.26 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

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