Paralel Advisors LLC Raises Stock Position in NVR, Inc. (NYSE:NVR)

Paralel Advisors LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313 shares of the construction company’s stock after acquiring an additional 32 shares during the period. Paralel Advisors LLC’s holdings in NVR were worth $2,560,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NVR. Treasurer of the State of North Carolina grew its stake in NVR by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company’s stock worth $10,354,000 after buying an additional 12 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NVR in the 4th quarter valued at $37,942,000. Martingale Asset Management L P grew its holdings in shares of NVR by 151.6% during the 4th quarter. Martingale Asset Management L P now owns 468 shares of the construction company’s stock valued at $3,828,000 after purchasing an additional 282 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of NVR by 12.9% during the 4th quarter. Advisory Services Network LLC now owns 96 shares of the construction company’s stock valued at $785,000 after purchasing an additional 11 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of NVR by 412.2% during the 4th quarter. Bank of Nova Scotia now owns 2,008 shares of the construction company’s stock valued at $16,423,000 after purchasing an additional 1,616 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVR. UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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 report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Down 0.7 %

NVR stock traded down $50.82 during trading on Thursday, hitting $7,070.27. 553 shares of the company’s stock were exchanged, compared to its average volume of 22,051. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The business has a 50-day moving average price of $7,288.66 and a two-hundred day moving average price of $8,335.61. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR) last posted its 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 return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on 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 directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.00% of the company’s stock.

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.