Elgethun Capital Management Decreases Stake in NVR, Inc. (NYSE:NVR)

Elgethun Capital Management reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 36.0% during the 4th quarter, HoldingsChannel reports. The firm owned 589 shares of the construction company’s stock after selling 332 shares during the quarter. NVR comprises 1.2% of Elgethun Capital Management’s investment portfolio, making the stock its 25th biggest position. Elgethun Capital Management’s holdings in NVR were worth $4,817,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NVR. Wilmington Savings Fund Society FSB purchased a new position in NVR during the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased its stake in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after acquiring an additional 3 shares during the period. Quantbot Technologies LP acquired a new stake in NVR in the third quarter valued at about $59,000. Smartleaf Asset Management LLC boosted its holdings in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NVR shares. UBS Group raised their target price on 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. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9,356.67.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.80% of the company’s stock.

NVR Stock Performance

NVR stock opened at $7,413.38 on Monday. The stock has a fifty day moving average price of $7,407.03 and a 200 day moving average price of $8,412.35. 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, Inc. has a 52 week low of $7,000.00 and a 52 week high of $9,964.77. The firm has a market capitalization of $22.01 billion, a P/E ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

NVR Company 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.