Dynamic Capital Management Ltd lowered its position in NVR, Inc. (NYSE:NVR) by 63.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144 shares of the construction company’s stock after selling 253 shares during the period. Dynamic Capital Management Ltd’s holdings in NVR were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in NVR. Cerebellum GP LLC acquired a new stake in NVR in the fourth quarter valued at about $133,000. Checchi Capital Advisers LLC acquired a new stake in NVR in the fourth quarter valued at about $200,000. Commerce Bank acquired a new stake in NVR in the fourth quarter valued at about $207,000. Assetmark Inc. acquired a new stake in NVR in the fourth quarter valued at about $210,000. Finally, Greenleaf Trust lifted its position in NVR by 1,120.0% in the fourth quarter. Greenleaf Trust now owns 61 shares of the construction company’s stock valued at $214,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.
NVR, Inc. (NVR) opened at $3,056.98 on Friday. NVR, Inc. has a 1-year low of $1,990.00 and a 1-year 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 stock has a market cap of $11,260.00, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.64.
NVR declared that its Board of Directors has authorized a share buyback program on Tuesday, December 12th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
In other NVR news, Director Eddie Arthur Grier sold 400 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total value of $1,187,228.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melquiades R. Martinez sold 47 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 178 shares of the company’s stock, valued at $534,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,097 shares of company stock valued at $3,373,063. 11.30% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $3,218.00 price objective for the company in a research report on Tuesday, February 13th. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, UBS Group increased their target price on shares of NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $3,064.50.
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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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