Inspire Investing LLC Has $1.35 Million Stake in NVR, Inc. (NYSE:NVR)

Inspire Investing LLC boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165 shares of the construction company’s stock after buying an additional 3 shares during the period. Inspire Investing LLC’s holdings in NVR were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in shares of NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock valued at $3,562,046,000 after acquiring an additional 363,004 shares in the last quarter. Jennison Associates LLC bought a new position in NVR during the third quarter worth about $348,545,000. Mizuho Securities USA LLC boosted its holdings in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NVR by 254.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company’s stock valued at $87,001,000 after purchasing an additional 6,363 shares during the period. Finally, KBC Group NV grew its stake in shares of NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after purchasing an additional 4,216 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $8,338.09 on Friday. NVR, Inc. has a 52 week low of $6,800.00 and a 52 week high of $9,964.77. The stock has a market capitalization of $25.51 billion, a PE ratio of 17.05, a PEG ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The stock’s fifty day moving average is $8,541.36 and its 200-day moving average is $8,867.02.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned $125.26 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the sale, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This trade represents a 65.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the sale, the director now owns 239 shares of the company’s stock, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on NVR shares. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. UBS Group reduced their target price on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Bank of America decreased their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9,531.67.

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.