Proficio Capital Partners LLC Acquires Shares of 400,766 NVR, Inc. (NYSE:NVR)

Proficio Capital Partners LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 400,766 shares of the construction company’s stock, valued at approximately $3,277,825,000. NVR makes up approximately 1.9% of Proficio Capital Partners LLC’s holdings, making the stock its 14th biggest holding. Proficio Capital Partners LLC owned approximately 0.13% of NVR as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after buying an additional 2 shares during the last quarter. Private Trust Co. NA lifted its stake in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after buying an additional 2 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares in the last quarter. Crestmont Private Wealth LLC raised its stake in shares of NVR by 3.9% during the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after purchasing an additional 2 shares in the last quarter. Finally, Lakewood Asset Management LLC raised its stake in shares of NVR by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock valued at $3,206,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $7,192.89 on Thursday. The business’s 50-day moving average price is $7,887.25 and its 200 day moving average price is $8,748.74. The firm has a market cap of $21.51 billion, a P/E ratio of 14.17, a PEG ratio of 2.39 and a beta of 1.20. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. 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 issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVR shares. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.