Kaizen Advisory LLC Reduces Stake in NVR, Inc. (NVR)
Kaizen Advisory LLC reduced its position in NVR, Inc. (NYSE:NVR) by 15.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 330 shares of the construction company’s stock after selling 60 shares during the period. Kaizen Advisory LLC’s holdings in NVR were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management purchased a new position in NVR during the third quarter valued at $1,067,000. SG Americas Securities LLC lifted its position in NVR by 87.3% during the third quarter. SG Americas Securities LLC now owns 1,092 shares of the construction company’s stock valued at $2,698,000 after purchasing an additional 509 shares in the last quarter. Alliancebernstein L.P. lifted its position in NVR by 3.4% during the third quarter. Alliancebernstein L.P. now owns 5,213 shares of the construction company’s stock valued at $12,880,000 after purchasing an additional 169 shares in the last quarter. BlackRock Inc. lifted its position in NVR by 0.4% during the third quarter. BlackRock Inc. now owns 368,762 shares of the construction company’s stock valued at $911,136,000 after purchasing an additional 1,296 shares in the last quarter. Finally, FMR LLC lifted its position in NVR by 38.8% during the third quarter. FMR LLC now owns 125,954 shares of the construction company’s stock valued at $311,207,000 after purchasing an additional 35,233 shares in the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.
Several research firms recently weighed in on NVR. Zacks Investment Research upgraded NVR from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Buckingham Research started coverage on NVR in a research report on Friday, January 11th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $2,975.20.
Shares of NVR stock traded up $19.22 during trading hours on Monday, hitting $2,800.13. The stock had a trading volume of 184 shares, compared to its average volume of 23,693. NVR, Inc. has a one year low of $2,040.71 and a one year high of $3,233.00. The company has a current ratio of 3.96, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.67.
NVR (NYSE:NVR) last issued its earnings results on Friday, January 25th. The construction company reported $58.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $50.67 by $7.90. NVR had a return on equity of 48.57% and a net margin of 11.38%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the firm posted $40.16 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts predict that NVR, Inc. will post 176.78 EPS for the current fiscal year.
NVR declared that its board has approved a share repurchase plan on Wednesday, December 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
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NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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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