Saber Capital Managment LLC Acquires New Shares in NVR, Inc. $NVR

Saber Capital Managment LLC acquired a new stake in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 191 shares of the construction company’s stock, valued at approximately $1,393,000. NVR makes up approximately 1.2% of Saber Capital Managment LLC’s portfolio, making the stock its 17th biggest position.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new stake in shares of NVR in the fourth quarter valued at about $36,000. State of Wyoming bought a new stake in shares of NVR in the second quarter valued at about $44,000. USA Financial Formulas raised its holdings in shares of NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares in the last quarter. Finally, Zions Bancorporation National Association UT raised its holdings in shares of NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after acquiring an additional 6 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVR has been the subject of several recent research reports. Bank of America decreased their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. BTIG Research restated a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. UBS Group decreased their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Stock Performance

Shares of NVR stock opened at $6,387.51 on Monday. The company has a market capitalization of $17.25 billion, a PE ratio of 15.57, a P/E/G ratio of 4.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The company has a 50-day simple moving average of $6,312.62 and a two-hundred day simple moving average of $6,977.95. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $94.83 earnings per share. Research analysts expect that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.