Vanguard Group Inc. increased its position in NVR, Inc. (NYSE:NVR - Free Report) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,460 shares of the construction company's stock after acquiring an additional 1,147 shares during the period. Vanguard Group Inc. owned approximately 11.19% of NVR worth $2,800,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peak Financial Advisors LLC purchased a new position in NVR during the 4th quarter worth approximately $1,235,000. JPMorgan Chase & Co. raised its holdings in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after purchasing an additional 2,206 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares during the period. Markel Group Inc. boosted its holdings in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after purchasing an additional 1,549 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.
NVR Price Performance
Shares of NVR traded down $151.34 during mid-day trading on Friday, hitting $7,163.11. 19,501 shares of the company were exchanged, compared to its average volume of 21,724. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77. The company has a 50 day moving average of $7,514.50 and a 200-day moving average of $8,487.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.
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 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%. Analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR announced that its board has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.
Insider Activity at NVR
In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction on Monday, February 10th. The stock was 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 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NVR. 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 note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9,356.67.
Read Our Latest Report on NVR
About NVR
(
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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