Lecap Asset Management Ltd. Takes Position in NVR, Inc. (NYSE:NVR)

Lecap Asset Management Ltd. purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 140 shares of the construction company's stock, valued at approximately $980,000.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new position in NVR in the 4th quarter valued at $1,400,000. Koshinski Asset Management Inc. grew its holdings in NVR by 68.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 126 shares of the construction company's stock valued at $882,000 after buying an additional 51 shares in the last quarter. Braun Bostich & Associates Inc. grew its holdings in NVR by 70.6% in the 4th quarter. Braun Bostich & Associates Inc. now owns 493 shares of the construction company's stock valued at $3,451,000 after buying an additional 204 shares in the last quarter. Cerity Partners LLC grew its holdings in NVR by 19.9% in the 4th quarter. Cerity Partners LLC now owns 193 shares of the construction company's stock valued at $1,351,000 after buying an additional 32 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new position in NVR in the 4th quarter valued at $420,000. Institutional investors own 83.67% of the company's stock.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,751,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVR news, CAO Matthew B. Kelpy sold 150 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,725,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 100 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $59,155,947 in the last ninety days. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NVR stock traded up $60.80 on Friday, hitting $7,817.98. 17,793 shares of the company's stock were exchanged, compared to its average volume of 17,540. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.10 and a quick ratio of 3.90. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,211.40. The stock has a market cap of $25.02 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13. The company has a 50 day moving average of $7,680.63 and a 200 day moving average of $6,868.28.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share for the quarter, topping the consensus estimate of $121.50 by $0.06. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company earned $133.44 EPS. NVR's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts predict that NVR, Inc. will post 497.8 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Separately, StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a report on Thursday, February 15th.

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.