NVR, Inc. (NVR) Shares Bought by Guggenheim Capital LLC
Guggenheim Capital LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 37.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,598 shares of the construction company’s stock after acquiring an additional 1,248 shares during the quarter. Guggenheim Capital LLC owned 0.12% of NVR worth $16,132,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of NVR by 108.7% in the fourth quarter. Deutsche Bank AG now owns 21,413 shares of the construction company’s stock worth $75,119,000 after acquiring an additional 11,154 shares during the period. Brandywine Global Investment Management LLC grew its stake in shares of NVR by 1.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 3,345 shares of the construction company’s stock worth $11,735,000 after acquiring an additional 60 shares during the period. Jefferies Group LLC bought a new stake in shares of NVR in the fourth quarter worth approximately $1,456,000. Caxton Associates LP grew its stake in shares of NVR by 51.0% in the fourth quarter. Caxton Associates LP now owns 317 shares of the construction company’s stock worth $1,112,000 after acquiring an additional 107 shares during the period. Finally, Advisor Group Inc. grew its stake in shares of NVR by 65.9% in the fourth quarter. Advisor Group Inc. now owns 136 shares of the construction company’s stock worth $478,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 79.77% of the company’s stock.
NVR stock opened at $3,104.55 on Thursday. The company has a quick ratio of 1.67, a current ratio of 3.62 and a debt-to-equity ratio of 0.37. The stock has a market cap of $11,321.68, a P/E ratio of 21.69, a P/E/G ratio of 1.07 and a beta of 0.65. NVR, Inc. has a 1-year low of $1,995.51 and a 1-year high of $3,700.00.
NVR declared that its board has initiated a share repurchase program on Tuesday, December 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.
A number of analysts have recently commented on NVR shares. UBS lifted their price target on shares of NVR from $3,450.00 to $3,750.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3,064.50.
In related news, Director William Grady Rosier sold 650 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $3,145.90, for a total value of $2,044,835.00. Following the transaction, the director now owns 1,862 shares of the company’s stock, valued at $5,857,665.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Melquiades R. Martinez sold 47 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 178 shares in the company, valued at approximately $534,000. The disclosure for this sale can be found here. In the last three months, insiders sold 1,097 shares of company stock worth $3,373,063. 11.30% of the stock is currently owned by insiders.
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NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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