Twinbeech Capital LP Invests $13.34 Million in NVR, Inc. (NYSE:NVR)

Twinbeech Capital LP acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,631 shares of the construction company's stock, valued at approximately $13,340,000. Twinbeech Capital LP owned 0.05% of NVR at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NVR. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 3 shares in the last quarter. Smartleaf Asset Management LLC raised its position in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of NVR by 60.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after buying an additional 3 shares during the period. Morse Asset Management Inc grew its position in shares of NVR by 1,200.0% during the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock worth $106,000 after buying an additional 12 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of 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 buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.1%

NYSE NVR traded up $8.49 during trading on Friday, reaching $7,079.69. 18,613 shares of the company's stock were exchanged, compared to its average volume of 22,106. The company has a 50 day moving average price of $7,165.65 and a two-hundred day moving average price of $7,835.48. The stock has a market cap of $20.70 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. 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 (NYSE:NVR - Get Free Report) last issued its earnings results 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). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NVR shares. JPMorgan Chase & Co. reduced 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 report on Wednesday, January 29th. UBS Group lowered their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus price target 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.