Rational Advisors LLC boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 324.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 446 shares of the construction company’s stock after purchasing an additional 341 shares during the quarter. NVR comprises 0.8% of Rational Advisors LLC’s portfolio, making the stock its 22nd largest holding. Rational Advisors LLC’s holdings in NVR were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new stake in NVR during the fourth quarter worth approximately $281,000. Candriam Luxembourg S.C.A. boosted its position in shares of NVR by 188.0% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 432 shares of the construction company’s stock valued at $1,516,000 after acquiring an additional 282 shares during the period. KBC Group NV boosted its position in shares of NVR by 42.3% in the fourth quarter. KBC Group NV now owns 370 shares of the construction company’s stock valued at $1,298,000 after acquiring an additional 110 shares during the period. Teacher Retirement System of Texas boosted its position in shares of NVR by 512.0% in the fourth quarter. Teacher Retirement System of Texas now owns 8,323 shares of the construction company’s stock valued at $29,199,000 after acquiring an additional 6,963 shares during the period. Finally, Price Capital Management Inc. bought a new stake in shares of NVR in the fourth quarter valued at approximately $1,775,000. 79.33% of the stock is owned by hedge funds and other institutional investors.
NVR has been the subject of several research reports. UBS Group increased their price objective on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Zacks Investment Research raised NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price objective for the company in a research report on Tuesday, October 24th. ValuEngine cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Wells Fargo & Co reissued a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. NVR presently has a consensus rating of “Hold” and a consensus price target of $3,186.75.
Shares of NVR, Inc. (NYSE:NVR) opened at $2,873.51 on Tuesday. NVR, Inc. has a 12-month low of $1,872.96 and a 12-month high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67. The firm has a market capitalization of $10,334.82, a P/E ratio of 22.59, a PEG ratio of 0.97 and a beta of 0.54.
NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, January 25th. The construction company reported $43.41 earnings per share for the quarter, missing the consensus estimate of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $37.80 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. sell-side analysts anticipate that NVR, Inc. will post 188.66 EPS for the current fiscal year.
NVR declared that its Board of Directors has approved a stock repurchase program on Tuesday, December 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
NVR Company Profile
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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