Todd Asset Management LLC Boosts Holdings in NVR, Inc. (NYSE:NVR)

Todd Asset Management LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,922 shares of the construction company's stock after buying an additional 76 shares during the period. Todd Asset Management LLC owned about 0.16% of NVR worth $40,257,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NVR. Blue Trust Inc. bought a new stake in shares of NVR in the 3rd quarter worth $39,000. Mediolanum International Funds Ltd boosted its holdings in NVR by 28.9% during the third quarter. Mediolanum International Funds Ltd now owns 147 shares of the construction company's stock worth $1,429,000 after purchasing an additional 33 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NVR by 29.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 197 shares of the construction company's stock worth $1,918,000 after purchasing an additional 45 shares in the last quarter. Forsta AP Fonden grew its position in NVR by 11.3% in the 3rd quarter. Forsta AP Fonden now owns 590 shares of the construction company's stock worth $5,789,000 after purchasing an additional 60 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in NVR in the 3rd quarter valued at about $226,000. Institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NVR shares. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group boosted their price objective 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. 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. Finally, StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9,356.67.

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Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of NVR 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 value of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.00% of the company's stock.

NVR Stock Performance

NYSE NVR traded up $46.06 on Friday, hitting $7,228.01. 38,773 shares of the stock traded hands, compared to its average volume of 27,686. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 2.39 and a beta of 1.20. The business's fifty day moving average is $7,868.87 and its two-hundred day moving average is $8,737.87. 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, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

About NVR

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.