ING Groep NV Increases Stake in NVR, Inc. (NYSE:NVR)

ING Groep NV raised its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 41.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,991 shares of the construction company's stock after purchasing an additional 579 shares during the quarter. ING Groep NV owned 0.07% of NVR worth $16,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of NVR during the 3rd quarter valued at approximately $39,000. Peak Financial Advisors LLC purchased a new position in NVR in the fourth quarter valued at $1,235,000. JPMorgan Chase & Co. increased its holdings in NVR by 18.8% in the third 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. Intech Investment Management LLC acquired a new stake in shares of NVR during the 3rd quarter valued at about $9,341,000. Finally, Brown Brothers Harriman & Co. grew its holdings in NVR by 11.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock valued at $24,667,000 after purchasing an additional 250 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVR. JPMorgan Chase & Co. decreased their target price 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. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9,356.67.

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NVR Price Performance

Shares of NVR stock traded up $273.28 on Tuesday, hitting $7,335.30. 15,664 shares of the company were exchanged, compared to its average volume of 27,126. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. 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 stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a 50-day moving average price of $7,930.80 and a 200 day moving average price of $8,768.00.

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 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%. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction 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 transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company's stock.

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.