Crew Capital Management Ltd. Raises Position in NVR, Inc. (NYSE:NVR)

Crew Capital Management Ltd. increased its holdings in NVR, Inc. (NYSE:NVR) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120 shares of the construction company’s stock after buying an additional 8 shares during the period. Crew Capital Management Ltd.’s holdings in NVR were worth $981,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Peak Financial Advisors LLC purchased a new stake in shares of NVR in the fourth quarter worth $1,235,000. JPMorgan Chase & Co. raised its position in shares of NVR by 18.8% in 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 in the last quarter. Intech Investment Management LLC purchased a new stake in shares of NVR in the third quarter worth $9,341,000. Brown Brothers Harriman & Co. raised its position in shares of NVR by 11.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after buying an additional 250 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after buying an additional 1,549 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the firm’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 transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on 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. UBS Group raised their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Up 0.1 %

NYSE NVR opened at $7,207.84 on Wednesday. The stock’s 50-day simple moving average is $7,806.01 and its two-hundred day simple moving average is $8,710.56. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share 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 management believes its shares are 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.