Renaissance Technologies LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 161.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,180 shares of the construction company’s stock after buying an additional 31,610 shares during the quarter. Renaissance Technologies LLC owned approximately 1.39% of NVR worth $179,551,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NVR. Cerebellum GP LLC purchased a new position in NVR during the fourth quarter worth approximately $133,000. Checchi Capital Advisers LLC purchased a new position in NVR during the fourth quarter worth approximately $200,000. Commerce Bank purchased a new position in NVR during the fourth quarter worth approximately $207,000. Assetmark Inc. purchased a new position in NVR during the fourth quarter worth approximately $210,000. Finally, Greenleaf Trust boosted its position in NVR by 1,120.0% during the fourth quarter. Greenleaf Trust now owns 61 shares of the construction company’s stock worth $214,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 79.76% of the company’s stock.
In related news, Director Eddie Arthur Grier sold 400 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total value of $1,187,228.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Melquiades R. Martinez sold 47 shares of the stock in a transaction that occurred 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 approximately $534,000. The disclosure for this sale can be found here. Insiders have sold 1,097 shares of company stock valued at $3,373,063 in the last three months. Insiders own 11.30% of the company’s stock.
Shares of NVR, Inc. (NVR) traded down $76.46 during trading on Wednesday, hitting $3,054.74. The company’s stock had a trading volume of 35,521 shares, compared to its average volume of 39,047. NVR, Inc. has a fifty-two week low of $1,990.00 and a fifty-two week high of $3,700.00. The firm has a market capitalization of $11,250.00, a PE ratio of 21.62, a P/E/G ratio of 1.07 and a beta of 0.64. The company has a quick ratio of 1.67, a current ratio of 3.62 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 analysts’ consensus estimates of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $37.80 EPS. NVR’s revenue was up 3.6% compared to the same quarter last year. equities analysts forecast that NVR, Inc. will post 188.66 EPS for the current fiscal year.
NVR announced that its board has approved a stock repurchase plan on Tuesday, December 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
NVR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price target on the stock in a research report on Tuesday, February 13th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, UBS Group increased their price target on NVR from $3,450.00 to $3,750.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3,064.50.
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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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