64 Shares in NVR, Inc. (NYSE:NVR) Acquired by AGF Management Ltd.

AGF Management Ltd. acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 64 shares of the construction company’s stock, valued at approximately $523,000.

Several other large investors have also made changes to their positions in NVR. Private Trust Co. NA lifted its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of NVR during the 3rd quarter valued at about $49,000. Smartleaf Asset Management LLC raised its stake in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after buying an additional 3 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of NVR in the 3rd quarter valued at about $59,000. Finally, Brooklyn Investment Group purchased a new stake in shares of NVR in the third quarter worth about $137,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVR shares. UBS Group boosted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9,356.67.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

NYSE NVR opened at $7,228.03 on Friday. The stock has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.39 and a beta of 1.25. The stock has a 50-day moving average of $7,677.46 and a 200 day moving average of $8,620.24. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping the consensus estimate 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 anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are 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.