Vanguard Group Inc. Boosts Stock Position in NVR, Inc. (NYSE:NVR)

Vanguard Group Inc. increased its position in shares of NVR, Inc. (NYSE:NVR) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,460 shares of the construction company’s stock after acquiring an additional 1,147 shares during the period. Vanguard Group Inc. owned about 0.11% of NVR worth $2,800,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares in the last quarter. Private Trust Co. NA lifted its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NVR during the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC boosted its position in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after buying an additional 3 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of NVR in the third quarter worth $59,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVR. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction 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 owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 7.00% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $7,304.01 on Wednesday. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm has a market capitalization of $21.69 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The business’s fifty day moving average price is $7,578.18 and its 200 day moving average price is $8,526.34.

NVR (NYSE:NVR) last issued its 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 return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

NVR Profile

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.