Peak Financial Advisors LLC Takes Position in NVR, Inc. (NYSE:NVR)

Peak Financial Advisors LLC purchased a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 151 shares of the construction company’s stock, valued at approximately $1,235,000.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in shares of NVR by 1,100,012.1% in the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after purchasing an additional 363,004 shares during the last quarter. Smead Capital Management Inc. raised its holdings in NVR by 3.5% in the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock worth $355,365,000 after buying an additional 1,223 shares during the last quarter. Jennison Associates LLC bought a new position in shares of NVR in the third quarter worth approximately $348,545,000. Marshfield Associates lifted its stake in shares of NVR by 0.3% in the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after buying an additional 96 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock valued at $221,595,000 after acquiring an additional 906 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares in the company, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last three months. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 1.9 %

Shares of NVR opened at $8,116.03 on Wednesday. The business’s 50 day moving average is $8,688.03 and its 200 day moving average is $8,839.04. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12-month low of $6,800.00 and a 12-month high of $9,964.77. The company has a market capitalization of $24.87 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20.

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

NVR declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

NVR Profile

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.