Principal Financial Group Inc. Raises Position in NVR, Inc. (NYSE:NVR)

Principal Financial Group Inc. boosted its position in NVR, Inc. (NYSE:NVR - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,538 shares of the construction company's stock after buying an additional 1,549 shares during the quarter. Principal Financial Group Inc. owned approximately 1.75% of NVR worth $437,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of NVR by 40.0% during the third quarter. CWM LLC now owns 21 shares of the construction company's stock valued at $206,000 after purchasing an additional 6 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of NVR by 13.3% during the third quarter. Exchange Traded Concepts LLC now owns 34 shares of the construction company's stock valued at $334,000 after purchasing an additional 4 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of NVR during the third quarter valued at approximately $255,000. Blue Trust Inc. bought a new position in shares of NVR during the third quarter valued at approximately $39,000. Finally, Crew Capital Management Ltd. boosted its position in shares of NVR by 16.7% during the third quarter. Crew Capital Management Ltd. now owns 112 shares of the construction company's stock worth $1,099,000 after buying an additional 16 shares during the period. 83.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVR. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Bank of America reduced their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective 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 NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $9,356.67.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NYSE NVR traded up $71.67 during mid-day trading on Thursday, hitting $7,248.58. The company had a trading volume of 19,900 shares, compared to its average volume of 27,397. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business's 50-day simple moving average is $7,989.86 and its 200-day simple moving average is $8,778.62. NVR, Inc. has a 12 month low of $7,073.38 and a 12 month high of $9,964.77. The firm has a market cap of $21.67 billion, a P/E ratio of 14.28, a PEG ratio of 2.36 and a beta of 1.20.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping 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, analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

NVR 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.