Stevens Capital Management LP Has $401,000 Position in NVR, Inc. (NYSE:NVR)

Stevens Capital Management LP boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 81.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 49 shares of the construction company’s stock after acquiring an additional 22 shares during the period. Stevens Capital Management LP’s holdings in NVR were worth $401,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in NVR during the fourth quarter worth $17,176,000. American Century Companies Inc. raised its holdings in NVR by 13.3% during the fourth quarter. American Century Companies Inc. now owns 4,494 shares of the construction company’s stock worth $36,756,000 after buying an additional 528 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in NVR by 45.0% during the fourth quarter. Mizuho Securities USA LLC now owns 290 shares of the construction company’s stock worth $2,372,000 after buying an additional 90 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in NVR by 67.7% during the fourth quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock worth $81,323,000 after buying an additional 4,015 shares during the last quarter. Finally, Boston Partners raised its holdings in NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after buying an additional 1,605 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of several research reports. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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 research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Stock Performance

NYSE NVR opened at $7,181.22 on Monday. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25. The company has a fifty day moving average price of $7,606.71 and a 200-day moving average price of $8,550.75.

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

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

Insider Activity at NVR

In related 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is owned by company insiders.

About NVR

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.