US Bancorp DE lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 268 shares of the construction company's stock after purchasing an additional 42 shares during the quarter. US Bancorp DE's holdings in NVR were worth $2,192,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in NVR in the 4th quarter worth about $3,277,825,000. Jennison Associates LLC bought a new position in NVR in the 3rd quarter worth about $348,545,000. Mizuho Securities USA LLC increased its stake in NVR by 6,454.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock worth $162,071,000 after acquiring an additional 16,266 shares during the last quarter. KBC Group NV increased its stake in NVR by 299.9% in the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company's stock worth $55,162,000 after acquiring an additional 4,216 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in NVR by 53.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company's stock worth $104,888,000 after acquiring an additional 3,741 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.
Insider Activity at NVR
In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 completion of the sale, the director now directly 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 legal filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by company insiders.
NVR Price Performance
Shares of NVR traded down $100.77 during midday trading on Friday, reaching $7,394.15. The stock had a trading volume of 33,092 shares, compared to its average volume of 28,048. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. NVR, Inc. has a 12-month low of $7,015.00 and a 12-month high of $9,964.77. The company's 50-day moving average is $7,774.04 and its 200 day moving average is $8,693.09. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.
NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR announced that its board has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
NVR has been the subject of a number of research reports. UBS Group upped their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Four equities 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.com, NVR currently has a consensus rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Research Report on NVR
NVR Company Profile
(
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.
Featured Articles
Before you consider NVR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVR wasn't on the list.
While NVR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
