Balyasny Asset Management L.P. Purchases New Shares in NVR, Inc. (NYSE:NVR)

Balyasny Asset Management L.P. purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 687 shares of the construction company's stock, valued at approximately $5,619,000.

Other hedge funds have also recently modified their holdings of the company. Crestmont Private Wealth LLC raised its holdings in shares of NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after buying an additional 2 shares during the period. Lakewood Asset Management LLC increased its holdings 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 purchasing an additional 2 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in NVR by 5.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock worth $294,000 after purchasing an additional 2 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of NVR by 7.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company's stock valued at $229,000 after acquiring an additional 2 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of NVR by 2.0% in the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock valued at $842,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVR. UBS Group reduced their price target on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Stock Performance

Shares of NVR stock traded down $235.03 during mid-day trading on Wednesday, reaching $7,167.61. The stock had a trading volume of 17,807 shares, compared to its average volume of 22,105. The firm's 50 day simple moving average is $7,181.77 and its 200 day simple moving average is $7,922.51. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The firm has a market cap of $20.96 billion, a PE ratio of 14.12, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a share buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

NVR Company Profile

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.