United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 90 shares of the construction company's stock, valued at approximately $736,000.
Several other hedge funds have also modified their holdings of NVR. Peak Financial Advisors LLC acquired a new stake in NVR in the fourth quarter valued at approximately $1,235,000. JPMorgan Chase & Co. increased its stake in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after buying an additional 2,206 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NVR by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after buying an additional 644 shares in the last quarter. Markel Group Inc. boosted its position in NVR by 0.9% in the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after buying an additional 110 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after acquiring an additional 1,549 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
NVR Stock Down 2.1 %
Shares of NVR stock traded down $151.34 during trading hours on Friday, hitting $7,163.11. 19,501 shares of the company were exchanged, compared to its average volume of 21,724. The stock has a market capitalization of $21.27 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The business's 50-day simple moving average is $7,514.50 and its two-hundred day simple moving average is $8,491.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.
NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
Insiders Place Their Bets
In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
NVR has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9,356.67.
Check Out Our Latest Analysis on NVR
NVR Profile
(
Free Report)
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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