Amiral Gestion Invests $5.90 Million in NVR, Inc. (NYSE:NVR)

Amiral Gestion acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 721 shares of the construction company's stock, valued at approximately $5,897,000. NVR accounts for about 3.7% of Amiral Gestion's investment portfolio, making the stock its 11th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. OLD Mission Capital LLC purchased a new stake in NVR during the 4th quarter valued at about $1,701,000. Markel Group Inc. grew its position in NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares during the last quarter. Principal Financial Group Inc. grew its position in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in NVR by 45.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,006 shares of the construction company's stock valued at $8,228,000 after purchasing an additional 312 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NYSE:NVR traded down $196.18 during trading on Wednesday, hitting $7,014.47. The company's stock had a trading volume of 15,724 shares, compared to its average volume of 22,135. The company has a 50-day moving average of $7,158.23 and a 200-day moving average of $7,779.73. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 2.39 and a beta of 1.02.

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

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NVR shares. UBS Group lowered their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. lowered 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

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.