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

Choreo LLC acquired a new position in NVR, Inc. (NYSE:NVR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40 shares of the construction company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. International Assets Investment Management LLC grew its position in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after purchasing an additional 237,977 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of NVR during the 3rd quarter worth approximately $62,370,000. Vanguard Group Inc. increased its position in shares of NVR by 2.1% during the third quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company’s stock valued at $2,137,259,000 after purchasing an additional 7,516 shares during the period. Pacer Advisors Inc. boosted its stake in NVR by 25.0% during the fourth quarter. Pacer Advisors Inc. now owns 27,719 shares of the construction company’s stock worth $194,045,000 after buying an additional 5,549 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of NVR by 11.2% during the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company’s stock worth $264,287,000 after acquiring an additional 4,468 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 1.8 %

Shares of NYSE NVR opened at $7,611.29 on Friday. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,211.40. The firm’s 50-day simple moving average is $7,744.96 and its 200 day simple moving average is $7,016.82. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 3.15 and a beta of 1.13. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

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

NVR declared that its board has authorized a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of recent research reports. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group boosted their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

Insider Transactions at NVR

In related news, Director David A. Preiser sold 500 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the transaction, the director now owns 239 shares in the company, valued at $1,813,104.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $1,813,104.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Insiders sold a total of 8,481 shares of company stock worth $62,949,052 over the last 90 days. 7.00% of the stock is 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.