Ground Swell Capital LLC Buys New Shares in NVR, Inc. (NYSE:NVR)

Ground Swell Capital LLC purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 44 shares of the construction company's stock, valued at approximately $360,000. NVR comprises 0.5% of Ground Swell Capital LLC's investment portfolio, making the stock its 29th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. Proficio Capital Partners LLC acquired a new stake in NVR during the fourth quarter worth about $3,277,825,000. Norges Bank bought a new stake in shares of NVR in the 4th quarter worth approximately $295,643,000. JPMorgan Chase & Co. grew its holdings in shares of NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after purchasing an additional 23,079 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of NVR in the fourth quarter valued at $118,087,000. Finally, Capital Research Global Investors raised its stake in shares of NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR stock opened at $7,152.97 on Friday. The firm has a market capitalization of $21.24 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.39 and a beta of 1.02. The stock has a fifty day moving average price of $7,183.79 and a two-hundred day moving average price of $7,960.23. 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.

NVR (NYSE:NVR - Get Free Report) last announced 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). The firm 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%. As a group, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NVR. UBS Group lowered 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. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $9,023.33.

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.

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