Boston Partners Acquires 1,605 Shares of NVR, Inc. (NYSE:NVR)

Boston Partners raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,844 shares of the construction company's stock after buying an additional 1,605 shares during the quarter. Boston Partners owned about 1.69% of NVR worth $424,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NVR. CIBC Asset Management Inc grew its holdings in NVR by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 465 shares of the construction company's stock valued at $4,562,000 after buying an additional 30 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in NVR during the 3rd quarter valued at about $304,000. Drive Wealth Management LLC grew its holdings in NVR by 10.7% during the 3rd quarter. Drive Wealth Management LLC now owns 31 shares of the construction company's stock valued at $304,000 after buying an additional 3 shares in the last quarter. Smead Capital Management Inc. grew its holdings in NVR by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company's stock valued at $355,365,000 after buying an additional 1,223 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in NVR during the 3rd quarter valued at about $1,717,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE NVR traded down $106.70 during midday trading on Friday, hitting $7,181.22. 62,749 shares of the company's stock were exchanged, compared to its average volume of 21,024. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25. The business's fifty day moving average price is $7,606.71 and its two-hundred day moving average price is $8,558.41.

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NVR (NYSE:NVR - Get Free Report) last issued its earnings results 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%. As a group, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Insiders Place Their Bets

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 value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NVR. UBS Group boosted their price objective on 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. cut 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Company 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.