Squarepoint Ops LLC Sells 643 Shares of NVR, Inc. (NYSE:NVR)

Squarepoint Ops LLC cut its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 88.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83 shares of the construction company's stock after selling 643 shares during the period. Squarepoint Ops LLC's holdings in NVR were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several analysts have issued reports on NVR shares. UBS Group dropped their price target on 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 raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR currently has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Stock Up 2.0%

NYSE:NVR traded up $143.11 on Wednesday, hitting $7,212.05. 17,380 shares of the company's stock were exchanged, compared to its average volume of 22,083. The firm has a 50-day moving average price of $7,135.36 and a 200-day moving average price of $7,707.78. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week 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 company has a market cap of $21.09 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last released its 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 return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. As a group, analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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