CIBC Private Wealth Group LLC Has $368,000 Stock Position in NVR, Inc. (NYSE:NVR)

CIBC Private Wealth Group LLC lessened its position in shares of NVR, Inc. (NYSE:NVR) by 24.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 46 shares of the construction company’s stock after selling 15 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in NVR were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the 3rd quarter valued at $49,000. Smartleaf Asset Management LLC lifted its holdings in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares during the period. Quantbot Technologies LP acquired a new stake in shares of NVR during the 3rd quarter valued at about $59,000. Finally, GAMMA Investing LLC increased its stake in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after acquiring an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $7,413.38 on Friday. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 2.39 and a beta of 1.07. The firm’s 50-day moving average price is $7,407.03 and its two-hundred day moving average price is $8,419.69. 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 1-year low of $7,000.00 and a 1-year high of $9,964.77.

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

NVR announced that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NVR shares. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group boosted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

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.