Caisse Des Depots ET Consignations acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 238 shares of the construction company's stock, valued at approximately $1,947,000.
A number of other hedge funds also recently made changes to their positions in the stock. Private Trust Co. NA increased its stake in NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the third quarter worth about $49,000. EverSource Wealth Advisors LLC raised its stake in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after purchasing an additional 3 shares during the period. Quantbot Technologies LP purchased a new position in NVR in the 3rd quarter worth approximately $59,000. Finally, Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors.
NVR Price Performance
Shares of NVR stock traded up $34.77 on Tuesday, reaching $7,279.16. The company's stock had a trading volume of 5,138 shares, compared to its average volume of 21,711. The stock's fifty day simple moving average is $7,492.14 and its 200-day simple moving average is $8,473.83. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.
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, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Insiders Place Their Bets
In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. UBS Group boosted 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. dropped their price objective on shares of 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $9,356.67.
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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.
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