Invesco Ltd. raised its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,549 shares of the construction company's stock after purchasing an additional 3,268 shares during the period. Invesco Ltd. owned 1.26% of NVR worth $315,288,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Peak Financial Advisors LLC bought a new position in NVR in the fourth quarter valued at approximately $1,235,000. JPMorgan Chase & Co. boosted its position 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 worth $136,580,000 after purchasing an additional 2,206 shares during the last quarter. OLD Mission Capital LLC acquired a new stake in shares of NVR during the fourth quarter worth $1,701,000. Markel Group Inc. increased its holdings in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 valued at $171,266,000 after buying an additional 644 shares during the period. Institutional investors own 83.67% of the company's stock.
Insiders Place Their Bets
In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.00% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms 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 for the company in a research report on Wednesday, January 29th. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Stock Report on NVR
NVR Stock Down 0.3 %
Shares of NYSE:NVR traded down $19.59 during trading on Tuesday, hitting $7,221.39. 4,867 shares of the company's stock traded hands, compared to its average volume of 22,145. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $7,252.16 and a 200-day moving average price of $8,274.97. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.
NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR 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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