New Age Alpha Advisors LLC purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 207 shares of the construction company's stock, valued at approximately $1,693,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new position in NVR in the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. grew 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 buying an additional 2,206 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after buying an additional 644 shares during the last quarter. Markel Group Inc. raised its position in NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after acquiring an additional 110 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after acquiring an additional 1,549 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
NVR has been the topic of several analyst reports. UBS Group increased their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9,356.67.
Get Our Latest Report on NVR
Insider Activity
In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company's stock.
NVR Stock Performance
Shares of NYSE:NVR traded up $303.39 on Friday, hitting $7,413.38. 41,775 shares of the company were exchanged, compared to its average volume of 21,940. 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's 50 day moving average price is $7,407.03 and its two-hundred day moving average price is $8,427.09. NVR, Inc. has a one year low of $6,918.00 and a one year high of $9,964.77. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07.
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 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 expect that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
NVR Company 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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