Gateway Investment Advisers LLC Has $18.45 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Gateway Investment Advisers LLC grew its stake in NVR, Inc. (NYSE:NVR - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,256 shares of the construction company's stock after buying an additional 81 shares during the quarter. Gateway Investment Advisers LLC owned 0.07% of NVR worth $18,452,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. bought a new stake in NVR in the 3rd quarter valued at $39,000. JPMorgan Chase & Co. raised its stake in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after purchasing an additional 2,206 shares during the period. Intech Investment Management LLC bought a new stake in shares of NVR in the third quarter valued at about $9,341,000. Peak Financial Advisors LLC acquired a new position in shares of NVR during the fourth quarter worth about $1,235,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock worth $24,667,000 after buying an additional 250 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Insider Activity at NVR

In other news, Director David A. Preiser sold 250 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares of the company's stock, valued at $2,223,330.96. This represents a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 125 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the sale, the chief accounting officer now owns 230 shares of the company's stock, valued at approximately $2,186,679. This represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 775 shares of company stock worth $7,294,073. Insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the topic of several research reports. UBS Group cut their target price on NVR from $9,450.00 to $8,750.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9,531.67.

NVR Stock Up 0.3 %

Shares of NYSE NVR traded up $25.91 during trading hours on Friday, hitting $8,381.72. The company had a trading volume of 56,741 shares, compared to its average volume of 30,567. The stock has a market capitalization of $25.65 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 1-year low of $6,800.00 and a 1-year high of $9,964.77. The firm's 50 day moving average is $8,623.96 and its 200-day moving average is $8,835.23. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $125.26 EPS. On average, analysts expect that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership 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.