Saber Capital Managment LLC Takes $1.39 Million Position in NVR, Inc. $NVR

Saber Capital Managment LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 191 shares of the construction company’s stock, valued at approximately $1,393,000. NVR makes up approximately 1.2% of Saber Capital Managment LLC’s portfolio, making the stock its 17th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in shares of NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after acquiring an additional 551 shares in the last quarter. M&T Bank Corp increased its holdings in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NVR by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after acquiring an additional 1,718 shares in the last quarter. Norges Bank acquired a new position in shares of NVR during the fourth quarter valued at about $311,496,000. Finally, Capital World Investors increased its holdings in shares of NVR by 0.3% during the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $6,387.51 on Monday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company’s 50 day moving average is $6,312.62 and its 200 day moving average is $6,977.95. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The company has a market cap of $17.25 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 4.69 and a beta of 0.93.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the company posted $94.83 EPS. NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, sell-side analysts forecast that NVR, Inc. will post 375.15 EPS for the current year.

Analyst Upgrades and Downgrades

NVR has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. BTIG Research restated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, UBS Group cut their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $7,649.33.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.