Citadel Advisors LLC Purchases Shares of 14,438 NVR, Inc. (NYSE:NVR)

Citadel Advisors LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,438 shares of the construction company's stock, valued at approximately $118,087,000. Citadel Advisors LLC owned 0.47% of NVR at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVR. Wilmington Savings Fund Society FSB bought a new stake in NVR during the third quarter worth $49,000. EverSource Wealth Advisors LLC lifted its position in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% in the fourth 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 in the last quarter. GAMMA Investing LLC grew its position in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after acquiring an additional 2 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

NVR has been the topic of several research reports. UBS Group decreased their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $9,023.33.

NVR Trading Down 1.0 %

Shares of NVR stock traded down $74.78 on Friday, hitting $7,152.97. The stock had a trading volume of 13,164 shares, compared to its average volume of 22,122. The stock has a 50 day moving average of $7,183.79 and a 200 day moving average of $7,960.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The firm has a market capitalization of $21.24 billion, a P/E ratio of 14.09, a PEG ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.00% of the company's stock.

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.