Choreo LLC Invests $280,000 in NVR, Inc. (NYSE:NVR)

Choreo LLC acquired a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 40 shares of the construction company’s stock, valued at approximately $280,000.

Other hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the 4th quarter valued at approximately $35,000. Criterion Capital Advisors LLC acquired a new stake in NVR in the fourth quarter valued at $42,000. Allworth Financial LP raised its position in NVR by 100.0% during 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 during the last quarter. GAMMA Investing LLC acquired a new position in NVR during the 4th quarter worth about $78,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of NVR in the 3rd quarter valued at about $78,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 1.8 %

Shares of NYSE:NVR opened at $7,611.29 on Friday. The business’s 50-day moving average is $7,744.96 and its 200-day moving average is $7,016.82. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 3.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97.

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

NVR announced that its board has approved a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 100 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total transaction of $761,500.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVR news, Chairman Paul C. Saville sold 250 shares of NVR stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total transaction of $1,902,757.50. Following the completion of the transaction, the chairman now owns 106,860 shares in the company, valued at approximately $813,314,665.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,751,450. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,481 shares of company stock valued at $62,949,052. Company insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of analyst reports. UBS Group raised their price objective on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

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.