Arrowstreet Capital Limited Partnership lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,498 shares of the construction company's stock after purchasing an additional 2,124 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.41% of NVR worth $102,220,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Peak Financial Advisors LLC acquired a new position in shares of NVR during the fourth quarter worth about $1,235,000. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 2,206 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the last quarter. Markel Group Inc. grew its stake in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after acquiring an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares during the last quarter. Institutional investors own 83.67% of the company's stock.
Insider Activity
In related news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on NVR shares. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Stock Report on NVR
NVR Stock Performance
NYSE NVR traded up $360.33 on Friday, hitting $7,470.32. 26,087 shares of the stock were exchanged, compared to its average volume of 21,857. The business's fifty day moving average is $7,423.17 and its 200 day moving average is $8,441.16. NVR, Inc. has a 52 week low of $6,918.00 and a 52 week high of $9,964.77. The company has a market capitalization of $22.18 billion, a PE ratio of 14.75, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.
NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating 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%. Research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR declared that its Board of Directors has approved a stock buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.
About NVR
(
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.
Further Reading
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