NVR, Inc. (NYSE:NVR) Shares Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61 shares of the construction company’s stock after acquiring an additional 6 shares during the period. Convergence Investment Partners LLC’s holdings in NVR were worth $499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its holdings in NVR by 40.0% during the 3rd quarter. CWM LLC now owns 21 shares of the construction company’s stock worth $206,000 after purchasing an additional 6 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in NVR during the 3rd quarter worth approximately $255,000. Blue Trust Inc. bought a new stake in shares of NVR in the third quarter worth $39,000. Whittier Trust Co. increased its stake in shares of NVR by 5.3% in the third quarter. Whittier Trust Co. now owns 120 shares of the construction company’s stock worth $1,177,000 after buying an additional 6 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new stake in shares of NVR in the third quarter worth $1,168,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the company’s 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 completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by company insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $7,157.78 on Thursday. 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, Inc. has a fifty-two week low of $7,073.38 and a fifty-two week high of $9,964.77. The firm has a 50-day simple moving average of $8,020.82 and a 200 day simple moving average of $8,789.32. The company has a market cap of $21.40 billion, a PE ratio of 14.10, a P/E/G ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts anticipate that NVR, Inc. will post 512.33 EPS for the current year.

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

Wall Street Analysts Forecast Growth

NVR has been the subject of several research analyst reports. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.