Victory Capital Management Inc. raised its stake in NVR, Inc. (NYSE:NVR - Free Report) by 51.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,574 shares of the construction company's stock after acquiring an additional 2,242 shares during the period. Victory Capital Management Inc. owned 0.21% of NVR worth $53,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Peak Financial Advisors LLC acquired a new stake in shares of NVR in the 4th quarter valued at about $1,235,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after acquiring an additional 2,206 shares during the period. Intech Investment Management LLC purchased a new position in shares of NVR during the third quarter worth approximately $9,341,000. Brown Brothers Harriman & Co. increased its holdings in shares of NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock valued at $24,667,000 after acquiring an additional 250 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after acquiring an additional 1,549 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.
Insider Transactions at NVR
In other news, Director Thomas D. Eckert sold 143 shares of the 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 transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 7.00% of the company's stock.
NVR Stock Performance
NVR traded down $100.77 during trading on Friday, hitting $7,394.15. The stock had a trading volume of 33,092 shares, compared to its average volume of 28,048. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The firm has a market capitalization of $22.11 billion, a P/E ratio of 14.57, a PEG ratio of 2.39 and a beta of 1.20. 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 company's 50-day moving average price is $7,774.04 and its 200 day moving average price is $8,693.09.
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 (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 39.67%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Seaport Res Ptn cut shares of NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $9,356.67.
Check Out Our Latest Stock 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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