GAMMA Investing LLC Makes New $78,000 Investment in NVR, Inc. (NYSE:NVR)

GAMMA Investing LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11 shares of the construction company’s stock, valued at approximately $78,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of NVR by 626,255.3% during the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Unison Advisors LLC bought a new stake in shares of NVR in the fourth quarter valued at approximately $2,345,000. ING Groep NV boosted its position in shares of NVR by 21.5% in the third quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock valued at $22,720,000 after acquiring an additional 675 shares during the period. AIA Group Ltd grew its stake in shares of NVR by 15.6% in the fourth quarter. AIA Group Ltd now owns 311 shares of the construction company’s stock worth $2,177,000 after acquiring an additional 42 shares during the last quarter. Finally, Fortis Capital Management LLC increased its position in NVR by 6.8% during the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock worth $1,307,000 after acquiring an additional 14 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVR. UBS Group raised their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Trading Down 1.4 %

Shares of NVR stock opened at $7,540.00 on Tuesday. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The firm has a market capitalization of $24.13 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 3.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. The company’s fifty day moving average price is $7,744.98 and its two-hundred day moving average price is $7,000.03.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $99.89 earnings per share. On average, analysts expect that NVR, Inc. will post 494.66 EPS for the current year.

NVR announced that its board has approved a share buyback plan on Wednesday, February 14th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $7,344.94, for a total value of $1,836,235.00. Following the completion of the transaction, the director now directly owns 405 shares of the company’s stock, valued at $2,974,700.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,981 shares of company stock valued at $59,155,947. Corporate 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.