AlphaQuest LLC Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

AlphaQuest LLC reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219 shares of the construction company’s stock after selling 66 shares during the period. AlphaQuest LLC’s holdings in NVR were worth $1,791,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Rakuten Securities Inc. acquired a new position in NVR during the third quarter worth $39,000. Private Trust Co. NA boosted its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC grew its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares during the period. Finally, Quantbot Technologies LP purchased a new position in NVR during the third quarter worth about $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NVR opened at $7,394.15 on Friday. The firm has a 50-day simple moving average of $7,757.76 and a two-hundred day simple moving average of $8,682.24. The stock has a market cap of $22.11 billion, a PE ratio of 14.57, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.