Resona Asset Management Co. Ltd. bought a new position in NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 990 shares of the construction company's stock, valued at approximately $8,101,000.
Several other hedge funds have also recently made changes to their positions in NVR. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of NVR during the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its holdings in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the period. GAMMA Investing LLC lifted its position in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after buying an additional 2 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 11 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
NVR Stock Up 3.0 %
NVR traded up $209.48 on Friday, hitting $7,208.31. The company had a trading volume of 23,059 shares, compared to its average volume of 22,201. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 2.39 and a beta of 1.07. The stock has a fifty day moving average price of $7,262.85 and a 200-day moving average price of $8,292.37. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.
NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.34% and a return on equity of 39.67%. Analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NVR. UBS Group increased their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report 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 for the company in a research note 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. According to MarketBeat.com, NVR currently has an average rating of "Hold" and an average target price of $9,356.67.
Check Out Our Latest Report on NVR
Insider Transactions at NVR
In related news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company's stock.
NVR Company 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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