Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370 shares of the construction company's stock after acquiring an additional 55 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in NVR were worth $3,026,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in NVR. Cetera Investment Advisers grew its holdings in shares of NVR by 44.9% in the 2nd quarter. Cetera Investment Advisers now owns 284 shares of the construction company's stock valued at $2,155,000 after acquiring an additional 88 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of NVR in the 2nd quarter valued at about $689,000. GAMMA Investing LLC grew its stake in NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares in the last quarter. CWM LLC grew its stake in NVR by 40.0% in 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 in the last quarter. Finally, Clarius Group LLC bought a new position in NVR in the third quarter valued at approximately $255,000. Institutional investors own 83.67% of the company's stock.
NVR Stock Performance
NVR stock traded up $36.07 during midday trading on Thursday, reaching $7,336.44. 25,720 shares of the company were exchanged, compared to its average volume of 26,806. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54. The business has a 50-day moving average price of $8,153.80 and a two-hundred day moving average price of $8,824.52. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 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 39.58%. Equities research analysts forecast that NVR, Inc. will post 512.33 EPS for the current year.
NVR announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on NVR. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. JPMorgan Chase & Co. decreased their price objective on shares of 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. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Bank of America reduced their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Four 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, the company currently has an average rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Research Report on NVR
Insider Transactions at NVR
In other news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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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