Benjamin F. Edwards & Company Inc. Purchases New Stake in NVR, Inc. (NYSE:NVR)

Benjamin F. Edwards & Company Inc. acquired a new position in shares of NVR, Inc. (NYSE:NVR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 55 shares of the construction company’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NVR. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR during the fourth quarter worth approximately $35,000. Criterion Capital Advisors LLC acquired a new position in shares of NVR in the fourth quarter valued at about $42,000. Allworth Financial LP raised its stake in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after purchasing an additional 4 shares in the last quarter. GAMMA Investing LLC acquired a new stake in NVR in the 4th quarter worth about $78,000. Finally, Planned Solutions Inc. bought a new stake in NVR in the 4th quarter valued at about $91,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group lifted their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 150 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the completion of the sale, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,725,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other NVR news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,725,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $1,751,450. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,302 shares of company stock worth $39,766,492. Corporate insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $7,563.00 on Thursday. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $23.96 billion, a PE ratio of 15.76, a PEG ratio of 3.20 and a beta of 1.13. The firm has a 50 day moving average of $7,750.05 and a 200-day moving average of $7,079.95. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping the consensus estimate of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $99.89 earnings per share. On average, equities research analysts predict that NVR, Inc. will post 487.53 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.