Eaton Vance Management trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 94.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 142 shares of the construction company’s stock after selling 2,394 shares during the period. Eaton Vance Management’s holdings in NVR were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its holdings in shares of NVR by 3.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 686 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 22 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of NVR by 3.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 705 shares of the construction company’s stock valued at $2,473,000 after purchasing an additional 26 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in shares of NVR by 0.8% during the fourth quarter. State of Wisconsin Investment Board now owns 3,415 shares of the construction company’s stock valued at $11,981,000 after purchasing an additional 28 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of NVR by 25.8% during the third quarter. Advisors Asset Management Inc. now owns 156 shares of the construction company’s stock valued at $445,000 after purchasing an additional 32 shares during the last quarter. Finally, Timber Hill LLC raised its holdings in shares of NVR by 20.4% during the fourth quarter. Timber Hill LLC now owns 218 shares of the construction company’s stock valued at $765,000 after purchasing an additional 37 shares during the last quarter. 79.76% of the stock is owned by hedge funds and other institutional investors.
Shares of NVR, Inc. (NYSE:NVR) traded down $76.46 during mid-day trading on Wednesday, reaching $3,054.74. 35,521 shares of the company’s stock were exchanged, compared to its average volume of 36,722. NVR, Inc. has a twelve month low of $1,990.00 and a twelve month high of $3,700.00. The stock has a market capitalization of $11,350.00, a PE ratio of 21.87, a P/E/G ratio of 1.07 and a beta of 0.64. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37.
NVR (NYSE:NVR) last announced its earnings results on Thursday, January 25th. The construction company reported $43.41 EPS for the quarter, missing the Zacks’ consensus estimate of $48.95 by ($5.54). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.01 billion. NVR had a net margin of 8.70% and a return on equity of 38.72%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $37.80 earnings per share. sell-side analysts predict that NVR, Inc. will post 188.66 earnings per share for the current year.
NVR declared that its Board of Directors has authorized a share buyback program on Tuesday, December 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In other news, Director Melquiades R. Martinez sold 47 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total value of $141,000.00. Following the completion of the sale, the director now directly owns 178 shares of the company’s stock, valued at $534,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William Grady Rosier sold 650 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the completion of the sale, the director now directly owns 1,862 shares of the company’s stock, valued at $5,857,665.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,097 shares of company stock valued at $3,373,063. Corporate insiders own 11.30% of the company’s stock.
Several research firms have recently weighed in on NVR. UBS Group boosted their price objective on shares of NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $3,218.00 target price for the company in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. NVR has a consensus rating of “Hold” and a consensus price target of $3,064.50.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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