First Sabrepoint Capital Management LP Grows Stock Position in NVR, Inc. (NYSE:NVR)

First Sabrepoint Capital Management LP grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 62.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 700 shares of the construction company's stock after buying an additional 270 shares during the quarter. NVR accounts for about 1.5% of First Sabrepoint Capital Management LP's portfolio, making the stock its 24th largest holding. First Sabrepoint Capital Management LP's holdings in NVR were worth $5,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fred Alger Management LLC raised its stake in NVR by 13.5% during the fourth quarter. Fred Alger Management LLC now owns 1,129 shares of the construction company's stock worth $9,234,000 after buying an additional 134 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in NVR by 176.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 396 shares of the construction company's stock worth $3,239,000 after purchasing an additional 253 shares during the last quarter. Deutsche Bank AG raised its position in NVR by 15.8% in the fourth quarter. Deutsche Bank AG now owns 12,838 shares of the construction company's stock worth $105,001,000 after acquiring an additional 1,750 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of NVR by 25.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 178 shares of the construction company's stock valued at $1,456,000 after purchasing an additional 36 shares during the period. Finally, Crestline Management LP bought a new stake in NVR during the 4th quarter worth approximately $2,650,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.0%

Shares of NVR traded down $74.78 during trading hours on Friday, reaching $7,152.97. 13,164 shares of the company traded hands, compared to its average volume of 22,131. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock's fifty day moving average price is $7,183.79 and its 200 day moving average price is $7,939.63. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 2.39 and a beta of 1.02. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

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

NVR declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group decreased 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 research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $9,023.33.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is owned by corporate insiders.

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.