Waratah Capital Advisors Ltd. Buys Shares of 198 NVR, Inc. (NVR)
Waratah Capital Advisors Ltd. bought a new stake in NVR, Inc. (NYSE:NVR) during the fourth quarter, Holdings Channel reports. The fund bought 198 shares of the company’s stock, valued at approximately $330,000.
Other large investors also recently bought and sold shares of the company. Aviva PLC boosted its stake in NVR by 4.8% in the fourth quarter. Aviva PLC now owns 2,292 shares of the company’s stock valued at $3,829,000 after buying an additional 104 shares in the last quarter. Elkfork Partners LLC bought a new stake in NVR during the fourth quarter valued at approximately $374,000. FMR LLC boosted its stake in NVR by 9.8% in the fourth quarter. FMR LLC now owns 115,969 shares of the company’s stock valued at $193,552,000 after buying an additional 10,307 shares in the last quarter. Martingale Asset Management L P boosted its stake in NVR by 64.8% in the fourth quarter. Martingale Asset Management L P now owns 5,340 shares of the company’s stock valued at $8,913,000 after buying an additional 2,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NVR by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,481 shares of the company’s stock valued at $34,185,000 after buying an additional 375 shares in the last quarter. 80.47% of the stock is owned by hedge funds and other institutional investors.
NVR, Inc. (NYSE:NVR) traded up 0.21% during midday trading on Thursday, hitting $1897.32. 24,392 shares of the stock traded hands. The firm’s 50-day moving average is $1,776.06 and its 200-day moving average is $1,665.05. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $1,920.52. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 18.31 and a beta of 0.56.
NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 25th. The company reported $37.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $33.09 by $4.71. NVR had a net margin of 7.41% and a return on equity of 32.60%. The company earned $1.75 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm earned $31.92 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts predict that NVR, Inc. will post $128.04 EPS for the current year.
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Several research firms have recently commented on NVR. BTIG Research began coverage on shares of NVR in a research report on Tuesday, February 7th. They issued a “neutral” rating for the company. Zacks Investment Research raised shares of NVR from a “hold” rating to a “strong-buy” rating and set a $2,187.00 target price for the company in a research report on Saturday, January 28th. Finally, Bank of America Corporation raised shares of NVR from a “neutral” rating to a “buy” rating in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $2,187.00.
In other NVR news, insider Robert W. Henley sold 4,000 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $1,877.76, for a total transaction of $7,511,040.00. Following the completion of the sale, the insider now directly owns 3,000 shares of the company’s stock, valued at $5,633,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eugene James Bredow sold 1,985 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $1,900.25, for a total transaction of $3,771,996.25. Following the sale, the vice president now directly owns 2,844 shares of the company’s stock, valued at $5,404,311. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,239 shares of company stock valued at $21,142,175. 10.20% of the stock is owned by insiders.
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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