Board of the Pension Protection Fund Invests $245,000 in NVR, Inc. (NYSE:NVR)

Board of the Pension Protection Fund acquired a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 30 shares of the construction company’s stock, valued at approximately $245,000.

Other institutional investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of NVR by 100.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the period. Blue Trust Inc. acquired a new position in NVR during the third quarter worth $39,000. Rakuten Securities Inc. purchased a new position in NVR in the third quarter worth $39,000. Private Trust Co. NA lifted its holdings in NVR by 66.7% in the third 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.9 %

Shares of NVR stock opened at $8,116.03 on Wednesday. The firm’s 50-day simple moving average is $8,688.03 and its 200-day simple moving average is $8,839.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The firm has a market cap of $24.87 billion, a P/E ratio of 16.59, a PEG ratio of 1.84 and a beta of 1.20.

NVR (NYSE:NVR) last posted its quarterly earnings results 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). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $125.26 EPS. As a group, equities analysts forecast that NVR, Inc. will post 494.48 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of the company’s stock in a transaction dated 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 completion of 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is currently owned by company insiders.

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.