Bank Julius Baer & Co. Ltd Zurich grew its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 909 shares of the construction company's stock after purchasing an additional 113 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in NVR were worth $7,505,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new position in shares of NVR in the 3rd quarter valued at $39,000. Private Trust Co. NA increased its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NVR in the 3rd quarter valued at $49,000. Quantbot Technologies LP bought a new position in shares of NVR in the 3rd quarter valued at $59,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of NVR by 75.0% during the 4th 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 in the last quarter. Institutional investors own 83.67% of the company's stock.
NVR Stock Down 1.3 %
Shares of NYSE:NVR opened at $7,394.15 on Monday. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business's 50-day moving average is $7,757.76 and its 200-day moving average is $8,680.52. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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%. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR announced that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
NVR has been the topic of several recent research reports. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the stock 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9,356.67.
Get Our Latest Research Report on NVR
Insider Activity at NVR
In other NVR news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction that occurred on 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 sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.
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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