Allianz SE Buys New Shares in NVR, Inc. (NYSE:NVR)

Allianz SE acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 309 shares of the construction company's stock, valued at approximately $2,527,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NVR. Peak Financial Advisors LLC purchased a new stake in shares of NVR during the 4th quarter valued at $1,235,000. JPMorgan Chase & Co. lifted its stake in NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after purchasing an additional 2,206 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares during the last quarter. Markel Group Inc. grew its holdings in NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares during the period. Finally, Principal Financial Group Inc. increased its position in NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after buying an additional 1,549 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

NVR traded down $241.66 during trading on Thursday, reaching $7,060.41. 11,596 shares of the company were exchanged, compared to its average volume of 21,736. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company's 50-day moving average is $7,447.70 and its two-hundred day moving average is $8,450.46. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $20.96 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 2.39 and a beta of 1.07.

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NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions 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 stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group upped their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus price target of $9,356.67.

NVR 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.