Arrowstreet Capital Limited Partnership Boosts Stake in NVR, Inc. (NYSE:NVR)

Arrowstreet Capital Limited Partnership raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,498 shares of the construction company's stock after acquiring an additional 2,124 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.41% of NVR worth $102,220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares during the last quarter. Quantbot Technologies LP purchased a new stake in NVR during the third quarter valued at approximately $59,000. Finally, GAMMA Investing LLC boosted its stake in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NVR. UBS Group increased their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average target price of $9,356.67.

Insiders Place Their Bets

In other 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 value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

NVR Stock Performance

Shares of NYSE NVR traded up $303.39 during mid-day trading on Friday, hitting $7,413.38. The stock had a trading volume of 41,775 shares, compared to its average volume of 21,978. The firm has a market cap of $22.01 billion, a PE ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a 50 day moving average of $7,407.03 and a two-hundred day moving average of $8,419.69. NVR, Inc. has a twelve month low of $7,000.00 and a twelve month high of $9,964.77.

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

NVR announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

About NVR

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.