Brown Brothers Harriman & Co. Raises Stake in NVR, Inc. (NYSE:NVR)

Brown Brothers Harriman & Co. lifted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,791 shares of the construction company's stock after acquiring an additional 277 shares during the quarter. Brown Brothers Harriman & Co. owned approximately 0.09% of NVR worth $22,827,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the period. Private Trust Co. NA boosted its holdings 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 during the period. Wilmington Savings Fund Society FSB bought a new position in NVR in the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its position in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after acquiring an additional 3 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of NVR during the third quarter worth $59,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE:NVR traded up $97.40 during trading hours on Wednesday, hitting $7,311.02. 6,256 shares of the company's stock traded hands, compared to its average volume of 21,727. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The business's fifty day simple moving average is $7,469.38 and its two-hundred day simple moving average is $8,458.57. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.71 billion, a P/E ratio of 14.41, a P/E/G ratio of 2.39 and a beta of 1.07.

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NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. On average, research analysts anticipate that NVR, Inc. will post 505.2 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 permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction on 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 owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

NVR has been the topic of a number of analyst reports. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.