OLD Mission Capital LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 208 shares of the construction company's stock, valued at approximately $1,701,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new stake in NVR during the fourth quarter worth about $1,235,000. JPMorgan Chase & Co. lifted 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 acquiring an additional 2,206 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after purchasing an additional 644 shares in the last quarter. Markel Group Inc. increased its position in shares of 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 purchasing an additional 110 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 1,549 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.
NVR Price Performance
NYSE:NVR traded up $303.39 during trading hours on Friday, reaching $7,413.38. The company had a trading volume of 41,775 shares, compared to its average volume of 21,940. 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 50-day moving average of $7,407.03 and a two-hundred day moving average of $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 PE ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07.
NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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%. Analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR announced that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. UBS Group lifted 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. decreased 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, NVR presently has an average rating of "Hold" and a consensus price target of $9,356.67.
Read Our Latest Analysis on NVR
Insider Activity at NVR
In related 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 transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company's stock.
NVR Profile
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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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