D.A. Davidson & CO. Has $671,000 Position in NVR, Inc. (NYSE:NVR)

D.A. Davidson & CO. increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 15.5% during the fourth quarter, Holdings Channel reports. The fund owned 82 shares of the construction company’s stock after acquiring an additional 11 shares during the quarter. D.A. Davidson & CO.’s holdings in NVR were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NVR. Metis Global Partners LLC grew its holdings in NVR by 1.8% in the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after buying an additional 2 shares in the last quarter. Private Trust Co. NA increased its position in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares during the period. GAMMA Investing LLC increased its position in NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after buying an additional 2 shares during the period. Crestmont Private Wealth LLC increased its position in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after buying an additional 2 shares during the period. Finally, Lakewood Asset Management LLC increased its position in NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock worth $3,206,000 after buying an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NVR. UBS Group increased their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 0.4 %

Shares of NYSE NVR opened at $7,068.96 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The stock has a market capitalization of $21.14 billion, a P/E ratio of 13.93, a PEG ratio of 2.39 and a beta of 1.20. The stock’s fifty day moving average is $7,930.80 and its 200 day moving average is $8,768.00.

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

NVR announced that its board has authorized a stock repurchase 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 purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

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 value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by 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.